On May 9, 2024, Reyna Silver Corp., closed the transaction. The company amended the terms of the transaction. The company issued 1,987,500 Units for gross proceeds of CAD 318,000 in its second and final tranche closing.

The company issued a total of 11,066,250 units for the gross proceeds of CAD 1,770,600 in the transaction. Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including acceptance by the TSX Venture Exchange. As a part of the transaction, the company has paid CAD 21,700 will issue 135,625 finder warrants to eligible finders.

The transaction has been oversubscribed.