On July 7, 2023, Silver X Mining Corp. closed the transaction. The company 1,384,000 Units at a price of CAD 0.30 per Unit for additional gross proceeds of CAD 415,200 in third and final tranche, All securities issued and issuable in connection with the third tranche closing of the Offering are subject to a statutory hold period expiring on November 8, 2023.

Closing of the Offering is subject to receipt of all necessary regulatory approvals including final acceptance of the TSX Venture Exchange. The Company paid fees to eligible finders consisting of CAD 900 as finder's fees and 3,000 finder warrants exercisable into one Common Share at a price of CAD 0.45. Finder Warrants are exercisable until July 7, 2025.

The company issued a total of 8,600,750 units for aggregate gross proceeds of CAD 2,580,225. The company has accepted TSX venture exchange filings. The transaction included participation from 28 placees.