On December 29, 2022, Summa Silver Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 12,890,375 units at an issue price of CAD 0.80 per unit for gross proceeds of CAD 10,312,300. The transaction included participation from returning investor, 2176423 Ontario Ltd., represented by Eric Sprott. by investing 3,750,000 units for gross proceeds of CAD 3,000,000 representing approximately 18.5% on a non-diluted basis and 23.9% on a fully diluted basis.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.