On January 27, 2023, the company announced that it has closed the transaction. The company issued 2,372,662 units at a price of CAD 0.40 per unit for gross proceeds of CAD 852,186 in its third and final tranche. The company paid certain finders cash finder's fees of CAD 21,153 and issued a total of 52,882 finder warrants to the finders.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 78 placees. The company paid finder's fee of CAD 90,741.06 in cash and issued 226,851 warrants.