On July 6, 2023, Gallagher Security Corp., closed the transaction. The company has raised CAD 500,000 in the transaction by issuing 10,000,000 units at an issue price of CAD 0.05 per unit. Each unit will consist of one common share and one share purchase warrant.

Each warrant exercisable into one additional common share at a price of CAD 0.06 per share for a 3-year period. All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance.