On February 7, 2024, Silver Sands Resources Corp closed the transaction. The company has now issued 5,250,000 units at a price of CAD 0.06 per Unit for gross proceeds of CAD 315,000. The transaction is oversubscribed.

All securities issued have a statutory four month and one day hold period. Directors of the company participated in the private placement and acquired an aggregate of 1,000,000 Units for proceeds of CAD 60,000. No Finders fees were paid.