On August 25, 2022, Western Gold Exploration Limited closed the transaction. The company has issued 7,666,646 units at an issue price of CAD 0.15 per unit for gross proceeds of CAD 1,149,996.90.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 17 placees including total pro group involvement of one placee for 133,333 units and total existing insider involvement for two placees for 1,266,670 units.