On November 4, 2022, Pima Zinc Corp. closed the transaction. The company issued 13,323,800 units for gross proceeds of CAD 6,661,900 and 3,411,000 subscription receipts for gross proceeds of CAD 1,705,500; for an aggregate gross proceeds of CAD 8,367,400.

Each warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.60 per common share for a period of 18 months. In connection with the transaction, the company paid certain eligible persons a cash commission of CAD 40,000 equal to 8% of the gross proceeds of the units delivered by the finder and issued 80,000 broker warrants equal to 8% of the number of units delivered by the finders pursuant to the transaction. Each Broker Warrant entitles the holder thereof to acquire one Share at a price of CAD 0.50 per share for a period of 18 months from the completion of the transaction.

In addition, the company paid finders a cash commission of CAD 102,330 equal to 6% of the gross proceeds of the Subscription Receipts delivered by the finders.