On November 2, 2022, Capitan Mining Inc. closed the transaction. The company has issued 3,000,000 common shares for gross proceeds of CAD 600,000 in its final tranche. The company has Issued 16,000,000 common shares for gross proceeds of CAD 3,200,000 in the transaction. Upon closing of the second tranche for CAD 600,000, both Michael Gentile and Grupo Construcciones Planificadas, S.A. De C.V. will own 18.1% and 4.9% respectively.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 21 placees, an aggregate existing insider involvement for 3,622,500 shares and an aggregate pro group involvement for 500,000 shares.