On April 19, 2022, Stamper Oil & Gas Corp. closed the transaction. The company amended the terms of the transaction.

The company has issued 2,161,716 units at a price of $0.28 per Unit for gross proceeds of $ 605,280.48 in a non-brokered private placement. The transaction was over-subscribed. Each unit is comprised of one common share of the Company and one transferrable share purchase warrant.

The transaction involves the participation from 14 placees including pro group involvement from 2 placees for 39,500. Each warrant will entitle the hold to acquire one additional common share at an exercise price of $0.37 for a period of 36 months from the closing date, subject to accelerated expiry, which provides that if at any time after four months and one day following the closing date, the closing price of the common shares is at or above $0.40 per common share for five consecutive days. All securities issued in the financing are subject to a statutory four months and one day hold period expiring on August 20, 2022.