On September 8, 2021, CoTec Holdings Corp. closed the transaction. All securities issued or issuable under the Private Placement are subject to a four month hold period expiring on January 8, 2022 in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada. The transaction included participation from Kings Chapel International Limited for 2,303,030 shares and 2,303,030 warrants, representing approximately 9.99% of the issued and outstanding shares on a non-diluted basis and 18.2% of the issued and outstanding shares on a partially diluted basis assuming exercise of the warrants. The Private Placement is subject to receipt of final approval of the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to offering.