On December 16, 2022, Rebel Capital 2.0 Corp. closed the transaction. The company issued 4,080,000 non flow-through shares at a price of CAD 0.125 for gross proceeds of CAD 510,000 and 2,000,000 flow-through shares at a price of CAD 0.125 for the gross proceeds of CAD 250,000 for an aggregate gross proceeds of CAD 760,000 on December 16, 2022.

The transaction has been approved by the TSX Venture Exchange.