On May 3, 2023, IMPACT Silver Corp. closed the transaction. The company received CAD 9,006,418.08 in the transaction.

The company received its second and final tranche. The company issued 2,454,092 units for gross proceeds of CAD 662,604.84 in the tranche. The securities issued under the second tranche of the offering are subject to a standard hold period of four months and one day, expiring on September 4, 2023.

The company has received $1,325,813 (CAD 992,636.1931) from 28 investors pursuant to Regulation D. The company announced that TSX venture exchange has accepted filling documentation for the transaction. The transaction included participation from 149 placees and one insider 100,000 shares and pro group of two subscribers. The company paid finder fee of CAD 222,321.03 and 823,410 warrants, each warrant entitles the holder to purchase one common share at the price of CAD 0.35 for a period of two years from the date of issuance.