On June 16, 2023, BacTech Environmental Corporation, closed the transaction. The company has issued 1,650,000 units for the gross proceeds of CAD 0.132 million in its second tranche closing. Each unit consists of one common share and one common share purchase warrant.

The warrant allows the holder to purchase an additional common share in the company at CAD 0.12 for a period of two years from the closing.