On May 30, 2023, Japan Gold Corp. closed the transaction. The company raised a total amount of CAD 6,130,000 in the transaction.

The company raised second and third tranche closing for the total gross proceeds of CAD 430,000. In the second tranche, the company issued 1,625,000 shares at a price of CAD 0.20 per share for the gross proceeds of CAD 325,000, in third tranche the company issued, 525,000 for the gross proceeds of CAD 105,000. As a part of second tranche, the company paid total of CAD 4,500 in cash and issued a total of 22,500 finder's warrants to arm's-length finders.

The finder's warrants are exercisable at CAD 0.20 per share until May 26, 2024. No finder's fees were paid in connection with the third tranche of the offering. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 17 placees, existing insider involvement of one insider for 15,000,000 and pro group involvement of one pro group for 525,000.