On November 16, 2022, Pond Technologies Holdings Inc. closed the transaction. The common shares issued pursuant to the transaction are subject to a statutory hold period expiring March 16, 2023. The transaction included subscriptions by certain insiders for a total of 2,900,000 shares and proceeds of CAD 348,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 3 placees, total existing insider involvement for CAD 2.9 million (two placees)