On February 16, 2024, American Aires Inc., closed the transaction. As a part of the transaction, the company paid a cash fee of CAD 47,249.99 to certain arm's length finders, and issued to certain arm's length finders 289,100 non-transferrable finder's warrants, each exercisable to acquire one Unit at a price of CAD 0.15 per Unit for a period for 24 months from the Closing, subject to the Accelerated Expiry. The offering is subject to final approval of the Canadian Stock Exchange.

The securities issued in connection with the Offering are subject to a hold period of four months and one day pursuant to CSE policies and applicable securities laws.