On March 1, 2022, Gunpoint Exploration Ltd. closed the transaction. The transaction included participation from Randy Reifel for 1,090,000 units, Canada West Land & Petroleum Company (John MacKay) for 500,000, CLMLC LLC (Charles J. Ronkos) for 400,000, Marco Montecinos for 100,000, Anna Tudela for 30,000. The company paid paid a finder's fee to Raymond James Ltd of CAD 12,250 in connection with the Offering in accordance with the policies of the TSX Venture Exchange.

The company received CAD 300,000.4084 pursuant to Regulation D.