On November 27, 2023, Canada Silver Cobalt Works Inc. closed the transaction. The company issued 18,250,000 Quebec flow-through units at an issue price of CAD 730,000 in second and final tranche. The Company raised a total of CAD 1,630,000 in both tranches of the financing. Each QFT Unit is comprised of one common share and one half of one share purchase warrant (the ?Warrant?). Each whole Warrant will entitle the holder thereof to purchase one additional Share of the Company at an exercise price of CAD 0.08 per share, for a period of two years from closing, subject to Exchange approval. GloRes Securities Inc., the lead finder for the 2nd tranche closing was paid CAD 41,100 cash and 1,027,500 finder?s warrants, Qwest Investment Fund Management Ltd. received CAD 17,500 cash and 437,500 Finder?s Warrants. Each Finder Warrant will entitle the Finder to purchase one Share of the, Company at an exercise price of $0.05 per Share, for a period of two years from closing. The Finders 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 March 28, 2024 in accordance with applicable Canadian Securities Laws. The transaction included participation from four investors.

On November 30, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.