On March 18, 2022, ExGen Resources Inc. closed the transaction. The company amended the terms of the transaction. The company issued 28,800,000 common shares at CAD 0.1 per share for aggregate gross proceeds of CAD 2,880,000.

The company paid CAD 3,900 as finder's fees to Canaccord Genuity Corp. and CAD 2,800 to Hobart Capital Markets LLP on certain of the issuances in the transaction totalling CAD 6,700. All securities issued in connection with the transaction are subject to a hold period of four months and one day from closing.

The transaction included participation from 24 placees and insiders Jason Riley for 8,750,000 shares and Mark Swartout for 2,725,000 shares. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.