On January 12, 2022, Titanium Corporation Inc. closed the transaction. The transaction included participation from 55 placees including David Macdonald for 1,500,000 units, John Stevens for 700,000 units, Mosskd Inc. (Moss Kadey) for 1,400,000 units, Farview Solutions Limited (Bruce Griffin) for 750,000 units, Kevin Moran, Executive VP & CTO for 150,000 units, Ingrid Meger, VP of Finance, CFO & Corporate Secretary for 125,000 units, Cockatoo Valley Investment Trust (Darren Morcombe) for 3,875,000 units, John Brussa for 1,250,000 units and John Kowal for 250,000 units. The company paid Canaccord Genuity Corp.

CAD 300,000 cash equal to 6% of the gross proceeds and 1,500,000 non-transferrable warrants equal to 6% of the aggregate number of units sold to subscribers, entitling the holder, upon payment of CAD 0.30, to acquire one common Share until January 12, 2023. The securities issued are subject to a four month hold period.