On April 21, 2023, Hank Payments Corp. Closed the transaction. The company has amended the terms of the transaction. The company has issued 1,096 secured convertible debenture units at an issue price of CAD 1,000 per unit for gross proceeds of CAD 1,096,000. Each unit consists of one CAD 1,000 secured convertible debenture and 3,333 common share purchase warrants. The debentures mature on and become payable on April 21, 2028, and bear interest at a fixed rate of 10% per annum, payable in arrears semiannually in cash on December 31 and June 30 of each year. At any time during the term, a holder of debentures may elect to convert the outstanding net principal amount, or any portion thereof, into common shares at a conversion price of CAD 0.075 per share during the first year and CAD 0.10 per share thereafter. The company may force the conversion of the principal amount of the then outstanding debentures at any time at the conversion price CAD 0.075 per share during first year and CAD 0.10 per share thereafter. The company may force the conversion of the principal amount of the then outstanding debentures at any time at the conversion price on not less than 5 days' notice if the volume weighted average trading price of the common shares on the TSX Venture Exchange for any 10 consecutive trading day period is equal to or greater than CAD 0.35. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.10 per common share until April 21, 2025. The company has paid cash finder's fee of CAD 18,550 and issued 185,500 finder's warrants equal to seven percent of the aggregate number of units sold under the offering attributable to the finder. Each finder warrant is exercisable to acquire one share of the company for a period of two years from the closing date at an exercise price of CAD 0.10 per share. All securities issued pursuant to the offering are subject to a statutory hold period ending August 22, 2023. The transaction is subject to approval from the TSX Venture Exchange.

On April 28, 2023, the company announced that TSX Venture has accepted filing documentation with respect to transaction. The transaction included participation from nine placees, including total pro group involvement of one placee for proceeds of CAD 50,000.