On December 20, 2023, the company has issued 9,719,432 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,457,914.80 in second tranche closing. The company has issued total 14,963,716 units at a price of CAD 0.15 per unit for the total gross proceeds of CAD 2,244,557.40 in the transaction. Each unit consists of one common common share and one common share purchase warrant, exercisable at CAD 0.30 until the fifth anniversary of listing the common shares on a recognized stock exchange.

The transaction included participation from insiders of the company for 790,000 units for gross proceeds of CAD 118,500.00, bringing the total Insider Participation of the Placement to date to CAD 198,902.55. The company has raised CAD 2,244,557.40 in total of 2 tranches. The company has paid finder's fees of CAD 13,608 in connection with the second tranche.

The company announced that it has raised CAD 56,134.70 ($42,068) from 2 investors pursuant to regulation D.