On August 9, 2022, BlueRush Inc. closed the transaction. The company has received $124,999.85 in its third tranche bringing the total funds raised in the transaction to $3,023,995. The transaction included participated from Glidepath Auxo LLC for an aggregate gross proceeds of $1,725,000. The company has received an aggregate of 37,812,500 common share purchase warrants. The company paid a registered dealer, a cash commission of $229,200 and issued them 10,743,750 non-transferable Warrants with each such Warrant entitling the holder thereof to acquire one Common Share at a price of $0.04 per share until the date that is 48 months from the closing of the Offering. In addition, the Company has agreed to pay the dealer a fee equal to 2% of the aggregate amount of Convertible Debentures converted by subscribers it referred, if applicable, and a fee equal to 3% of the aggregate exercise price of warrants exercised by subscribers it referred, if applicable.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 22 placees. The company paid $229,200 (with up to additional $70,192.50 payment, if warrants are exercised and debentures are converted) in cash payable to GVC Capital LLC. The company has granted 10,743,750 broker warrants, each exercisable into one common share at four U.S. cents per share for 48 months.