On October 23, 2020, Tilting Capital Corp. (TSXV:TLL.H) closed the transaction. The company issued 24,013,000 subscription receipts for gross proceeds of CAD 6,003,250. All subscription receipts issued pursuant to the transaction are subject to a statutory hold period of four months plus one day from the date of closing expiring on December 13, 2020. The company agreed to issue 380,400 non-transferable broker warrants, each entitling the holder thereof to acquire one share at an exercise price of CAD 0.25, and pay cash finder's fees totaling CAD 95,100 to certain finders. Directors and officers of the company purchased an aggregate of 40,000 subscription receipts.