On September 6, 2023, 1348515 B.C. Ltd. closed the transaction. The company issued 5,882,356 subscription receipts for the gross proceeds of CAD $3,000,001.56. Post the transaction the investor will own 35,686,686 shares of the company.

The securities issued are subject to a statutory hold period of four months and one day from the date of issuance. The company will pay finder's fees of 6% of gross proceeds.