On April 19, 2024, Capitan Silver Corp. closed the transaction. The company issued 13,466,667 Shares at a issue price of CAD 0.15 per share for the gross proceeds of CAD 2,020,000.05. The transaction included participation from insiders of the Company for 1,800,000 Common Shares. The securities issued under the Private Placement will be subject to a statutory hold period expiring August 20, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 16 placees including existing insider involvement of five insiders for 1,800,000 shares.