On May 19, 2022, Alianza Minerals Ltd. closed the transaction. The company has raised a CAD 750,000 in the transaction. All securities are subject to a four-month hold expiring on September 20, 2022.

The transaction included participation from 19 placees including Mark T. Brown of Pacific Opportunity Capital Ltd. for 1,712,933 units, Vice President Exploration, Rob Duncan for 200,000 units and total pro group involvement from one placee for 300,000 units. The company issued securities pursuant to exemption provided under Regulation D.