On August 23, 2022, Minnova Corp. closed the transaction. The company has issued 8,000,000 units in its final tranche for gross proceeds of CAD 280,000.

The company has issued 10,000,000 units for gross proceeds of CAD 350,000 in the transaction. Each warrant shall entitle the holder thereof to purchase one common share at a price of CAD 0.07 per common share until August 23, 2024. The company paid finders' fee of CAD 21,350 payable to Leede Jones Gable Inc and issued 610,000 warrants.

Each broker warrant is exercisable into common share at a price of CAD 0.10 per common share until August 23, 2024. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 16 placees and aggregate pro group participation for 2,740,000 units.