On March 7, 2022, Vertex Resource Group Ltd. closed the transaction. The debentures will mature on March 7, 2027. The convertible debentures are subordinated in nature.

The transaction included participation from IBBC GP INC., as the general partner of IBBC Limited Partnership. The convertible debenture and any common shares issuable upon conversion thereof will be subject to a statutory hold period lasting four months and one day following the closing date of the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

The transaction included participation from 2 placees.