On July 27, 2023, Sherpa II Holdings Corp. closed the transaction. The company issued 3,125,000 units at a price of CAD 0.04 for gross proceeds of CAD 125,000. The transaction included participation from Thomas O'Neill acquired 437,500 units, Galen McNamara acquired 437,500 units, and Robert Scott acquired 437,500 units, pursuant to the offering. The securities issued under the offering will be subject to a four month and one day hold period expiring November 28, 2023, in accordance with applicable securities laws. The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 9 placees including existing insider involvement of 3 insiders for 1,312,500.