On September 16, 2022, CMX Gold & Silver Corp. closed the transaction. The company has issued 6,804,000 units for gross proceeds of CAD 612,360 in the transaction.

The company receive second and final tranche. The company has issued 3,944,000 units for gross proceeds of CAD 354,960 in the tranche. For the second tranche, each warrant is exercisable to acquire one share at a price of CAD 0.18 per share until September 16, 2024, which is 24 months from the date of issuance.