On June 12, 2024, IMPACT Silver Corp. closed the transaction. The company announced that it has issued 935,714 LIFE units at CAD 0.28 per LIFE unit for gross proceeds of CAD 261,999.92 and 6,285,136 units at an issue price of CAD 0.27 per Unit for the gross proceeds of CAD 1,696,986.72; aggregate gross proceeds of CAD 1,958,986.64.

Each LIFE unit consisted of one common share and one-half of one common share purchase warrant exercisable into a common share for 2 years at CAD 0.34 per Warrant Share. The Units consisted of one common share and one Warrant. The Units bear a hold period of four months and one day from the date of issuance.

n connection with the offering, the Company paid an aggregate of CAD 46,363.92 in finder's fees and issued 169,638 finder's warrants to certain finders. Each Finder's Warrant entitles the holder thereof to purchase one common share of the Company at a price of CAD 0.34 per share for a period of 24 months from its date of issue. The Finder's Warrants bear a hold period of four months and one day from the date of issuance.