On July 14, 2022, Sassy Resources Corporation closed the transaction. The company announced that it has received CAD 404,750 through the issuance of 2,075,641 common shares in its second and last tranche. The round has been oversubscribed.

The company received CAD 3,634,910 in the transaction. The company paid total finder's fees of CAD 19,792.50 and 101,500 finder's warrants for the second tranche to PI Financial Corp. The finder's warrants are non-transferable and exercisable at a price of CAD 0.195 per warrant for 12 months from the date of issuance.

All securities issued are subject to a four-month hold period pursuant to securities laws in Canada, which expires on November 14, 2022.