On September 6, 2023, SiQ Mountain Industries Inc. closed the transaction. In connection with the closing of the Private Placement the company paid Canaccord Genuity Corp. CAD 3,200 in cash as finder's fee. All common shares issued under the Private Placement will be subject to a hold period expiring on January 7, 2024 in accordance with applicable Canadian securities laws. The transaction included participation from Bondwest Enterprises, James R. Bond who have acquired 2,020,000 common shares at an issue price of CAD 0.05 for the gross proceeds of CAD 101,000 and also from directors and senior officers who have subscribed common shares. The Bond and Bondwest Enterprises along with together with Sardar are joint actors with respect to their common shares.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation 12 placees including existing insider involvement of 3 insiders for 2,420,000.