On July 12, 2022, GameOn Entertainment Technologies Inc. closed the transaction. The company has received $550,000 from Proje Ventures Inc. In connection with the loan, the company has also issued at the direction of proje, 5,683,533 common share purchase warrants of the company each exercisable to acquire one common share of the company at any time until July 5, 2024, at an exercise price per bonus warrant of $0.0623543, subject to certain additional conditions and adjustments in certain conditions.