On March 18, 2024, Gemina Laboratories Ltd closed the transaction. The company has raised gross proceeds of CAD 910,000 of unsecured convertible notes. All securities issued pursuant to the Private Placement are and will be subject to a four month hold period from the date of issue, expiring July 19, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The company has raised CAD 409,999.8144 ($302,784) from 2 investors pursuant to Regulation D.