On June 10, 2022, Coelacanth Energy Inc closed the transaction. The company has completed the units issuance in third tranche. The transaction included participation from 25 placees including Robert Zakresky for 12,166,400,John Brussa for 1,574,075, Helmut R. Eckert for 1,481,480, Nolan Chicoine for 1,416,747, William Lancaster for 1,111,100, Harvey Doerr for 925,925, Raymond T. Hyer, for 925,925 and Tom Medvedic for 925,925 shares.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The securities issued have lock up period of 18 months.