On February 7, 2024, Liberty Defense Holdings, Ltd. closed the transaction. The company has issued 1,000,000 units at a price of CAD 0.15 per Unit for gross proceeds to the Company of CAD 150,000 in its final tranche. In total, the company has issued 6,900,663 units for total gross proceeds of CAD 1,036,000 in the transaction. Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share of the Company until January 12, 2027 at an exercise price of CAD 0.20 per Warrant Share.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 21 placeesand 2 existing insiders for 666,666 units. The company has paid finder's fees of CAD 22,756 in cash and issued 151,713 finder warrants in the transaction.