On June 26, 2023, Benz Capital Corp. closed the transaction. The company issued 4,582,497 common shares at a price of CAD 0.12 per common share for gross proceeds of CAD 549,899.76. The company also issued 2,291,248 common share purchase warrants. Each warrant shall entitle the holder to purchase one common share in the capital of the company at a price of CAD 0.15 per warrant share for a period of 24 months following the closing. All securities issued pursuant to the concurrent financing will be subject to a four-month hold period from the date of issue. In connection with the private placement, Miloje Vicentijevic, Carlos Escribano, Nick Tintor and Gord Bub, of the company purchased a total of 1,460,000 units. The transaction was oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 28 placees including existing insider involvement of four insiders for 1,460,000 shares and pro group involvement of one insider for 50,000 shares.