On September 11, 2023, Mapath Capital Corp. closed the transaction. The debentures and any units acquired on conversion thereof are subject to a hold period expiring on Jan.

9, 2024. No finders fees were paid in connection with the financing. Insiders of the company were issued debentures with a principal amount in aggregate of CAD 100,000.

Pursuant to the financing, ROI Capital Inc., acquired a debenture of the company in the aggregate principal amount of CAD 68,000 which is convertible into 1.36 million common shares and 1.36 million warrants if converted in the first year of its term, or 680,000 common shares if converted in the second year of its term on September 08, 2023. In addition to the debenture, New, directly and indirectly, owns and/or controls, in aggregate 12,854,000 common shares, representing 49.20 per cent of the current issued and outstanding common shares. Following the completion of the financing and assuming conversion of the debenture during the first year of its term, New would own and/or control, directly and indirectly, or have control or direction over, an aggregate of 15,574,000 shares of the company, representing 51.70 per cent of the issued and outstanding common shares of the company on a diluted basis.

Following the completion of the financing and assuming conversion of the debenture during the second year of its term, New would own and/or control, directly and indirectly, or have control or direction over, an aggregate of 13,534,000 shares of the company, representing 49.90 per cent of the issued and outstanding common shares of the company on a diluted basis.