On June 5, 2023, Cassiar Gold Corp. closed the transaction. The company has amended the terms of the transaction and it has issued 269,999 traditional flow-through units at an issue price of CAD 0.75 per traditional flow-through unit for gross proceeds of CAD 202,499.25 in the second and final tranche, the company has issued total 736,666 traditional flow-through units for total gross proceeds of CAD 552,499.5 in the transaction. Certain insiders of the company participated in the non-brokered offering. No finders fees were paid in connection with the non-brokered offering. The securities issued pursuant to the non-brokered offering are subject to a four month hold period. The final tranche remains subject to final acceptance of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from six placees.