On April 6, 2023, Regency Silver Corp. closed the transaction. The company issued 6,240,000 common shares at a price of CAD 0.40 per share for gross proceeds of CAD 2,496,000 in the transaction.

The transaction included participation from 49 placees. The company paid cash finder's fees of CAD 91,140. All common shares issued under the private placement will be subject to a four month hold period expiring on August 7, 2023.

The company has issued securities for gross proceeds of CAD 1,070,000 to three investors pursuant to exemption provided under Regulation D.