On December 16, 2022, Arizona Silver Exploration Inc. closed the transaction. The company has issued 4,491,260 units at a price of CAD 0.25 per unit, for gross proceeds of CAD 1,122,815 in the transaction. The transaction included participation from 29 placees including institutional fund has maintained his 9.9%, and Insiders for 80,000 units.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company has pain finder fee of CAD 13,425 in cash and 97,200 in shares. The company has received $82,832 ( CAD 113,421.8576) in funding pursuant to Regulation D from seven investors.