On January 27, 2023, Straightup Resources Inc. closed the transaction. The company will now issue 9.4 million units at a price of CAD 0.05 per unit for aggregate gross proceeds of CAD 470,000. Each unit consists of one common share and one common share purchase warrant.

Each Warrant is exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.05 with an expiry date of January 27, 2025. The company paid total of CAD 18,000 as finder's fee in cash and issued 360,000 finder's units in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Mark Brezer, a director and officer of the company, acquired directly, 900,000 units and participated in the transaction.

Of the 9,400,000 units issued in connection with the transaction, 5,000,000 units are free trading pursuant to the listed issuer financing exemption and the remaining 4,400,000 units are subject to a four-month plus one day hold period under applicable Canadian securities laws commencing on the closing date of the transaction and expiring on May 28, 2023.