On May 20, 2021, Cerro Mining Corp. closed the transaction. The company issued 6,000,000 subscription receipts for proceeds of CAD 3,000,000 in its second tranche closing. The company issued a total of 20,218,000 subscription receipts for gross proceeds of CAD 10,109,000. The company paid a total aggregate finder's fees of CAD 263,670 All securities issued in the transaction are subject to a statutory hold period of four months and one day following the closing.