On September 26, 2022, Earthworks Industries Inc. closed the transaction. The company received net proceeds of CAD 485,720 after payments of commissions. The company paid CAD 14,280 in cash and issued 71,400 broker warrants to finders who introduced accredited investors to the offering.

All shares included in the units and any shares issued as a result of exercise of the warrants will be subject to a non-trading period expiring Jan. 22, 2023. The transaction included participation from 19 placees.

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