On February 13, 2024, Zacatecas Silver Corp. closed the transaction. The company issued 25,000,000 units at a price of CAD 0.10 per Unit for total proceeds of CAD 2,500,000.

Each Unit will consist of one common share and one half of one common share purchase warrant. Each Warrant will entitle the holder to purchase a Common Share at an exercise price of CAD 0.15 for a period of two years from the date of issue. The securities under the Offering will be subject to restrictions on resale expiring on June 14, 2024.

The Company paid registered finders a fee in cash of CAD 55,037.50 as well as issuing 315,000 common shares and 865,375 non-transferable share purchase warrants.