On August 28, 2023, Blacksteel Energy Inc. closed the transaction. The company received CAD 1,218,925 in funding. The company issued 3,503,125 common shares at a price of CAD 0.08 per share for the gross proceeds of CAD 280,250 in fifth and final tranche.

The finder received cash commission of CAD 14,900 and 186,250 finder warrants. 186,250 finder warrants entitle the holder to acquire one common share at an exercise price of CAD 0.08 on or before July 15, 2024. After the closing, the company has 111,701,255 common shares issued and outstanding.