On July 8, 2021, Electric Royalties Ltd. closed the transaction. The company issued 5,000,000 units at a price of CAD 0.40 per unit for gross proceeds of up to CAD 2,000,000. The transaction included participation from 36 placees. The company paid finder's fees in cash of CAD 67,200 and issued brokers' warrants entitling the holders to acquire up to an aggregate of 93,000 Shares at a price of CAD 0.60 per Share for a period of 12 months from closing to Canaccord Genuity Corp for CAD 6,000 and 15,000 non-transferable warrants, Haywood Securities Inc for CAD 22,800 and 57,000 non-transferable warrants, Leede Jones Gable Inc. for CAD 6,000 and 15000 non-transferable warrants, Research Capital Corp for CAD 2,400 and 6,000 non-transferable warrants. The company received CAD 310,000 from 3 investors pursuant to Regulation D.