On June 30, 2022, Hawkeye Gold & Diamond Inc. closed the transaction. The company has amended the terms of the transaction. The company issued a total of 5,125,000 non-flow-through units at a price of CAD 0.02 per unit for total proceeds of CAD 102,500.

Each common unit consists of one non-flow through common share of the company and one transferable share purchase warrant, with each such warrant entitling the holder to acquire one common share in the capital of the company at a price of CAD 0.075 per common share expiring on June 30, 2024. The common units and the underlying securities issued pursuant to the private placement offering are subject to a four month hold period expiring on October 30, 2022. Finder's fees were not paid on any portion of the offering.

The transaction included participation from 3 placees. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.