On May 23, 2024, Quebec Innovative Materials Corp closed the transaction. In connection with the Offering, the company has paid finder?s fees in the amount of CAD 32,287.50 and has issued 1,076,250 finder warrants. Each Finder Warrant entitles the holder to acquire one additional Common Share for a period of 24 months from closing at an exercise price of CAD 0.05.

The transaction included participation from new investors John Karagiannidis for 1,625,001 Units representing gross proceeds to the company of CAD 48,750.03, through his holding company.