On December 22, 2022, Cartier Silver Corporation closed the transaction. The company issued 2,498,750 common shares at a price of CAD 0.40 per unit for gross proceeds of CAD 999,500 in its second and final tranche closing. The transaction included participation from two investment funds for 1,750,000 units and some insiders of the company for CAD 122,500.

In connection with this final closing of the private placement, an arm's length finder received as compensation cash commissions aggregating CAD 4,905. The company raised $520,692(CAD 698,930.0785) from 2 investors by issuing securities pursuant to exemption provided under regulation D in the transaction.