On December 29, 2022, Zonetail Inc. closed the transaction. The company issued an aggregate of 3,250,000 units at an issue price of CAD 0.04 per unit for the aggregate gross proceeds of CAD 130,000. The Company has also paid eligible finders all of whom are at arm's length to the Company and its insiders within the meaning of Policy 5.1 of the TSX Venture Exchange cash compensation as finders fees of approximately CAD 7,800 in aggregate and has issued an aggregate of 195,000 finders warrants of the Company to such eligible finders.

Each Finder Warrant entitles the holder to purchase one Share of the Company at an exercise price of CAD 0.06, for a period of thirty six (36) months from the closing date of the Offering.