On March 11, 2022, Tarachi Gold Corp closed the transaction. The company issued 23,227,005 units for gross proceeds of CAD 4,180,861. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of CAD 0.30 at any time on or before March 11, 2024.

The securities issued pursuant to the Offering have a hold period of four months and one day from closing, expiring on July 12, 2022. The Company paid cash finder's fees equal to CAD 81,796 and issued 454,422 broker warrants of the Company, to acquire that number of common shares in the capital of the Company at CAD 0.30 per share, any time on or before March 11, 2024. The company received CAD 95,400 pursuant to exemption provided under Regulation D from two investors.