On June 27, 2022, Dynamic Technologies Group Inc. closed the transaction. The company issued 10,800,000 unit at a price of CAD 0.3125 per unit for gross proceeds of CAD 3,375,000 in its third and last tranche. The company raised a total aggregate amount of CAD 5,000,000 in the transaction by the issuance of 16,00,000 units at a price of CAD 0.3125 per unit.

The transaction included participation from a single investor. Pursuant to the terms of the investment agreement entered into between the investor and the company, investor holds no less than 5% of the issued and outstanding common shares of the company, the investor shall have the right to nominate one person to the board of directors of the company. No finders fees are payable in connection with the offering.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.