On October 1, 2021, 79North Inc. closed the transaction. The company issued 1,300,000 units for gross proceeds of CAD 195,000 in its final tranche. The company issued 5,668,300 units for gross proceeds of CAD 850,245 in the transaction. The units sold in final tranche are subject to a hold period which will expire on February 2, 2022. The tranche included participation from Louzada for 33,333 common shares and 16,667 warrants, Hodges for 135,000 common shares and 67,500 warrants. Louzada owned and controlled an aggregate of 484,622 common shares of the Company and convertible securities, to acquire additional 650,000 common shares representing approximately 0.56% of the issued and outstanding common shares before the transaction, after the transaction he owns 517,955 common shares of the Company and convertible securities to acquire an additional 666,667 common shares representing approximately 0.57% of the issued and outstanding common shares. Hodges owned and controlled an aggregate of 285,000 common shares of the Company and convertible securities entitling to acquire an additional 460,000 common shares representing approximately 0.33% of the issued and outstanding common shares before transaction, after the transaction he owns and controls an aggregate of 420,000 common shares of the Company and convertible securities he acquires an additional 527,500 common shares representing approximately 0.46% of the issued and outstanding common shares.