On May 11, 2023, Canada Silver Cobalt Works Inc. closed the transaction. The company has issued 9,331,000 non-flow-through units at a price of CAD 0.05 per unit raising gross proceeds of CAD 466,550 and 3,628,125 Quebec Flow-through units at a price of CAD 0.08 per Quebec Flow-through unit raising gross proceeds CAD 290,250 for an aggregate of CAD 756,800 in it's second and final tranche closing. The company paid finder's fees of CAD 37,649.50 in cash and 281,156 finder's warrants issued at a deemed price of CAD 0.08 per share and 533,619 finder's warrants were issued.

The finder's fees paid in connection with the private placement are subject to Exchange approval. All securities issued in connection with the private placement will be subject to a four-month and a day hold period expiring on September 12, 2023 in accordance with applicable Canadian Securities Laws The transaction is subject to final TSX Venture Exchange acceptance.