On February 9, 2023, Excelsior Mining Corp. closed the transaction. The investor holds 116,028,937 Common Shares, also owns and controls 1,250,000 options to acquire Common Shares.

Upon conversion of the Debentures held by Greenstone, would acquire ownership and control over an additional 10,263,158 Common Shares, representing approximately 3.7% of the Company's current issued and outstanding Common Shares. As a result, together with the Common Shares it currently owns and controls, it would hold a total of 126,292,095 Common Shares, which will represent, in aggregate, approximately 43.93% of the issued and outstanding Common Shares and acquired the Debentures for investment purposes.