On March 15, 2024, Sierra Madre Gold and Silver Ltd closed the transaction. The company has issued 3,571,500 shares at a price of CAD 0.28 per share for a gross proceeds CAD 1,000,020. In connection with the Offering, the Company paid to an arm?s length finder a cash commission totaling CAD 15,000.30, being 1.5% of the gross proceeds raised under the Offering.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee.