On January 11, 2023, FRX Innovations Inc. closed the transaction. The company issued 5,446,012 units at an issue price of CAD 0.30 for the gross proceeds of CAD 1,633,804. The company issued 30,000 units for gross proceeds of CAD 900 in its third tranche.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 44 placees including pro group involvement of three placees for 243,334.