On December 30, 2022, the company issued 2,479,760 common shares at a price of CAD 0.0525 per common share, for aggregate gross proceeds of CAD 130,187 in its second tranche bringing the total amount raised in the transaction to CAD 208,187. Certain directors and officers of the company also participated in this tranche of the common share transaction by acquiring an aggregate of 929,760 common shares at a price of CAD 0.0525 per common share, for aggregate gross proceeds of CAD 48,812. The company hopes to close an additional tranches before January 13, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from nine placees and 3 existing insiders for 929,760 shares.