On May 11, 2023, Zacatecas Silver Corp. closed the transaction. The company has amended the terms of the transaction.

The company has issued 7,809,502 units at a price of CAD 0.45 per Unit for gross proceeds of CAD 3,514,275.9 in the transaction. The transaction included participation from participation from 35 placees including four existing insiders for 492,223 units. The company has paid CAD 61,967.56 as finder's fee and issued 137,706 non-transferrable warrants to finders, exercisable at CAD 0.45 per share for a period of two years from the date of issue.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.