On April 30, 2024, Hillcrest Energy Technologies Ltd., closed the transaction. The company issued 6,762,000 units of the company at a price of CAD 0.25 per unit for the gross proceeds of CAD 1,690,500 in its third and final tranche closing. The total placement size, cumulative of all tranches, was 12,874,000 Units for gross proceeds of CAD 3,218,500.

As a part of the tranche, the company paid commissions and finders fees in the amount of CAD 630 in cash finder's fees and issued an aggregate of 2,520 share purchase warrant.