On April 8, 2024, Arizona Gold & Silver Inc. closed the transaction. The company has now issued 5,328,297 units at a price of CAD 0.30 per unit for the gross proceeds of up to CAD 1,598,489.1. The Private Placement included participation from insiders of the company in the aggregate amount of 878,088 Units. In connection with the closing of the Private Placement, the company paid finder's fees totaling CAD 19,976.99.

The finder's fees are subject to regulatory approval. All securities issued are subject to a four-month hold period.