On September 2, 2021, Virginia Energy Resources Inc. closed the transaction. The transaction remains subject to final approval of the TSX Venture Exchange. All securities issued in the Offering are subject to a statutory hold period of four months and a day from the closing date of the transaction. The transaction included participation from three placees. The company paid finder's fee of CAD 15,000 to Stephen Avenue Securities Inc. The company has received $397,700 (CAD 316,330.58) from a single investor pursuant to exemption provided under regulation D. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.