On October 8, 2021, Altura Energy Inc. closed the transaction. The company issued 27,778,000 units for gross proceeds of CAD 5,000,000 in the second and final tranche, bringing the total funding received in the transaction to CAD 29,500,200. On October 19, 2021, TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement.