On April 25, 2023, Zonetail Inc. closed the transaction. The company has received CAD 203,800 in the transaction. The transaction included participation from returning insider investors for CAD 115,500. The notes will be convertible at the option of the company, at the conversion price if and when the closing price of the common shares on the TSX Venture Exchange or any other exchange or market on which the common shares may be traded on 10 consecutive or non-consecutive trading days equals or exceeds CAD 0.125 per share. As part of the offering the Company issued 4,076,000 warrants with each Warrant shall be exercisable into one common share of the company for one year from the closing date at an exercise price of CAD 0.05 warrant. The company has paid CAD 1,698 finder fees and issued 33,960 warrants. Each finder warrant entitles the holder to purchase one Share of the company at an exercise price of CAD 0.05, for a period of twelve months from the closing date of the transaction. All securities issuable pursuant to the offering, including the finders warrants and the Shares, if any, issuable on their exercise are subject to a four month and one day hold period from the date of issuance.

On July 11, 2023, the company announced that The Toronto Stock Exchange Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 9 placees and a total existing insider involvement of CAD 2.31 million.