On December 27, 2023, Silver North Resources Ltd closed the transaction. The company issued 200,000 units at a price of CAD 0.2 per unit for the gross proceeds of CAD 40,000 and 725,000 Flow-Through shares at a price of CAD 0.20 per share for gross proceeds up to CAD 145,000 in its second and final tranche for the aggregate gross proceeds of CAD 1,000,000. The transaction involved participation from 31 placees, four insiders for 370,000 Non-Flow-Through shares and 60,000 Flow-Through shares, and four pro groups for 750,000 Non-Flow-Through shares and 400,000 Flow-Through shares.

The company paid finder's fee as CAD 24,640 cash and 123,200 warrants. Each warrant entitles the holder to purchase one common share at the price of CAD 0.2 for period of three years from the date of issuance. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.