On February 22, 2024, Kootenay Silver Inc. closed the transaction. The company issued 316,700 units for aggregate gross proceeds of CAD 237,525 in its second and final tranche. All securities issued in connection with the Offering are subject to a Canadian securities law resale restriction period expiring on June 17, 2024.

In connection with the closing of the final tranche of the offering, the company paid a cash finders' fee of CAD 1,200 to an arm's length finders. The company has received CAD 588,750.5436 ($436,629 ) from 5 investors pursuant to exemption provided under Regulation D. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation 48 placees, 1 insider and 1 pro group with total pro group involvement of 66,700 shares.