On March 27, 2023, Silver Range Resources Ltd. closed the transaction. The company has amended the terms of the transaction. The company has issued 768,333 units at a price of CAD 0.15 per unit, for total proceeds of CAD 115,250.

All these shares are subject to a hold period until July 28, 2023. The company paid cash finders' fees totaling CAD 315 and 2,100 finder's warrants to Canaccord Genuity Corp. An insider purchased 66,667 units of the private placement.