On June 9, 2023, Minehub Technologies Inc closed the transaction. The company amended the terms of the transaction and issued 5,000,000 units at a price of CAD 0.20 per unit for proceeds of CAD 1,000,000 in its second and final tranche bringing the total transaction size to CAD 2,018,750. The transaction is subject to final TSX Venture Exchange approval.

The company has also agreed to extend the term of 2,037,500 share purchase warrants issued on April 17, 2023 and expiring on April 17, 2025, such that the new warrant expiry date would be April 17, 2026. Each warrant remains exercisable at CAD 0.40 into one common share. The warrant term extension is subject to TSXV approval.

The transaction included participation from eight placees.