On December 5, 2023, Prospera Energy Inc., closed the transaction. The company issued an aggregate of CAD 583,000. Insider Samuel David has participated in this private placement for a principal amount of CAD 503,000, which results in this being a Related Party Transaction.

The company paid finders fees to qualified finders totaling CAD 23,310 in cash and issued 211,909 in brokers warrants. Each warrant will entitle the holder to acquire one common share of the Corporation at a price of CAD 0.13 per share for a period of two years from the date of closing. The Corporation reserves the right to accelerate the expiry date of the warrants to fifteen days, in the event the share trades at CAD 0.30 for ten consecutive business days following the expiry of the four months hold period.