On October 5, 2022, the company received its second and final tranche. The company has issued 2,000,000 flow-through units for gross proceeds of CAD 100,000 and 300,000 non-flow-through units for gross proceeds of CAD 15,000; for an aggregate gross proceeds of CAD 115,000. Each warrant entitles the holder to purchase one non-flow through common share of the company at CAD 0.06 per warrant share for a period of five years expiring October 5, 2027.

All securities issued in the second tranche are subject to a four month hold period expiring February 6, 2023.