On June 3, 2022, Silver Predator Corp. closed the transaction. The company has issued 4,665,636 units for additional gross proceeds of CAD 513,398 in its second and final tranche closing.

The company has received aggregate gross proceeds of CAD 641,219 in the transaction. The transaction included participation from 4 placees. Each unit consists of one share priced at CAD 0.11 plus one share purchase warrant exercisable for two years to acquire an additional common share at a price of CAD 0.165 per share.

The shares and warrants issued in the transaction and any shares issued on the exercise warrants sold in the second tranche closing are subject to a four month hold period ending on October 4, 2022. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.