On May 8, 2023, Butte Energy Inc. closed the transaction. The transaction included participation from Two insiders acquired an aggregate of 950,000 Units. No finder's fees were payable by the Company in connection with the transaction.

All securities issued in connection with the transaction are subject to a four month and one day statutory hold period expiring on September 9, 2023. The transaction included participation from 3 placees, and existing insider involvement of two insiders for 950,000 shares.