On November 8, 2022, Kootenay Silver Inc. closed the transaction. The company has issued 39,561,110 units for proceeds of CAD 3,560,000, including the full exercise of the option granted to the Agents, at a price of CAD 0.09 per unit, with a non-brokered portion of the offering for gross proceeds of approximately CAD 1,440,000 consisting of 15,994,445 units at the offering Price, for aggregate gross proceeds to the company of CAD 5,000,000. The transaction included participation from 52 placees, including existing insider of one place for 136,778 units, and pro group involvement of two placees for 1,093,278 units.

The company paid finder's fee of CAD 251,229.99 in cash and 216,960 warrants.