On August 04, 2023, Wellfield Technologies Inc. closed the transaction. The convertible debentures and the warrants comprising the units are subject to a four-month and one day statutory hold period under applicable Canadian securities laws, ending December 4, 2023.The company has received the conditional approval of the TSXV to list the common shares issuable upon conversion of the convertible debentures and exercise of the warrants on the TSXV.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 5 placees including existing insider involvement of one insider for 400 units.