On April 4, 2023, Denarius Metals Corp. closed the transaction. The company issued 18,432,500 units of the company for total gross proceeds of CAD 7,373,000. The common shares and warrants underlying the units are subject to a four-month hold period and are therefore not freely tradeable until August 5, 2023. The transaction included participation from insiders of the company, Serafino Iacono, Michael Davies, Federico Restrepo-Solano, and Hernan Juan Jose Martinez Torres for a total of 3,050,000 units of the company for total gross proceeds of CAD 1,220,000; Serafino Iacono and his companies for CAD 1,000,000. The company paid a total of CAD 173,430 of fees in cash to certain arm's length agents and brokers who acted as finders. The company also issued 266,625 units to an arm's length agent in satisfaction of their finder's fee.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 31 placees.