On April 19, 2016, IMPACT Silver Corp. closed the transaction. The transaction involves participation from existing investor Energold Drilling Corp., which acquired 1,000,000 for a 1.3% stake in the company.

The investor now holds 10.39% of the company's issued and outstanding shares. The securities issued are subject to a hold period expiring on August 20, 2016. TSX Venture Exchange has accepted for filing documentation with the transaction.

The transaction included participation from two placees. Energold Drilling Corp. subscribed for 1,000,000 shares.