On October 30, 2023, Marksmen Energy Inc. closed the transaction. The company has amended the terms of the transaction and received gross proceeds of CAD 134,500 in the transaction. The company issued 200,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of CAD 10,000 in the second and final tranche of the transaction.

Pursuant to second tranche, company paid cash commissions to a qualified non-related party of CAD 800 and issued 16,000 broker warrants, each broker warrant entitling the holder to acquire one Common Share at a price of CAD 0.05 per share for a period of one (1) year from the date of issuance. The transaction include participation from 8 placees and 4 insiders. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on July 12, 2023.

The company has paid Finder's fee of CAD 2,800cash and 56,000 warrants in the transaction.