On June 7, 2024, Cascada Silver Corp., closed the transaction. The company issued 56,092,306 common shares at a price of CAD 0.013 per common share for CAD 729,200 in gross proceeds and 57,125,676 subscription receipts of the company at a price of CAD 0.013 per Subscription Receipt for gross proceeds up to CAD 742,634 for the total gross proceeds of CAD 1,471,834. The closing of the Offering is subject to approval of the Canadian Securities Exchange.