On February 12, 2024, GR Silver Mining Ltd. closed the transaction. The company issued 6,700,000 units at a price of CAD 0.10 for the gross proceeds of CAD 670,000. As a part of the transaction, the Company paid a total of CAD 35,820 and issued a total of 358,200 warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of CAD 0.15 for two years. All securities issued under the offering are subject to a hold period expiring June 10, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 14 placees.