On January 17, 2022, Blende Silver Corp. closed the transaction. The TSX Venture Exchange has accepted for filing documentation and has received CAD 801,000 in the transaction.

The company has issued 450,000 non-flow through units for gross proceeds CAD 36,000 in its second tranche. The transaction included participation from 11 placees, Pavilion Flow-Through L.P., a fund managed by Accilent Capital Management Inc. for 6,000,000 units and other investors. The company paid a finder fee consisting Haywood Securities receiving CAD 630 and 7,875 broker warrants that are exercisable into common shares at CAD 0.20 per share for a 48-month period, Accilent Capital Management receiving CAD 42,000 and 420,000 broker warrants that are exercisable into common shares at CAD .20 per share for a 48-month period and IA Private Wealth Inc. receiving CAD 9,800 and 122,500 broker warrants that are exercisable into common shares at CAD 0.20 per share for a 48-month period.

The company has issued the units pursuant to exemption provided under Regulation D.