On January 9, 2024, Norseman Silver Inc. closed the transaction. The company amended the terms of the transaction and issued 12,615,000 units at a price of CAD 0.10 per unit for aggregate gross proceeds of up to CAD 1,261,500. Finder?s fees of CAD 79,600 cash and 796,000 Warrants have been paid in connection with the Private Placement to qualified parties.

The transaction included participation from undividual investors such as John Seaman, J. Campbell Smyth and Sean Hurd for aggregate of 815,000 units for CAD 81,500.