On May 15, 2023, Aftermath Silver Ltd. closed the transaction. The company amended the terms of the transaction. The company issued 7,045,200 units at a price of CAD 0.25 per unit for gross proceeds of CAD 1,761,300 in its second and final tranche.

The company has received CAD 8,246,367 in the transaction. In connection with the transaction, the company paid fees to eligible finders consisting of an aggregate of CAD 328,782.50, 57,400 Common Shares, and 200,410 Warrants. Each Broker Warrant is exercisable by the holder to acquire one Common Share for a period of 24 months from the date of closing of the Second Tranche of the transaction at a price of CAD 0.35 per share.

All securities issued pursuant to the second tranche of the transaction, including the Finder's Shares, are subject to hold period expiring on September 16, 2023, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 179 placees, existing insider involvement of four insiders for 4,260,000 and pro group involvement of three pro groups for 425,000.