On April 29, 2026, Bayhorse Silver Inc closed the transaction. As consideration for their services, Red Cloud received a cash fee of CAD 234,123 and 3,344,610 nontransferable common share purchase warrants (the ?Broker Warrants?). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time on or before April 29, 2029.
Certain insiders of the Company subscribed for an aggregate of 1,083,000 Units for aggregate gross proceeds of CAD 75,810 in the Offering