On December 21, 2023, Kuya Silver Corporation closed the transaction. The company announced that it has issued 3,572,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 893,000 in its second tranche. Collectively under the offering, the company issued 13,921,000 units for aggregate gross proceeds of CAD 3,480,250.

In connection with the second tranche, the company paid fees to qualified parties in accordance with the policies of the Exchange, being a cash commission of CAD 3,750, which was 6.0% on total proceeds received from subscribers introduced to the company by each finder and issued 15,000 in non-transferable common share purchase warrants, which was 6.0% of the total units issued to subscribers introduced to the company by each finder.