On January 20, 2022, Israel Capital Canada Corp. closed the transaction. The company has issued 7,212,498 units for gross proceeds of CAD 2,524,374.30.

The transaction involved participation from 118 placees, including aggregate professional group involvement consisting of eight placees. The company paid CAD 145,641.99 in finder's fees and issued 416,119 finder's warrants to finders on certain of the units sold from subscriptions introduced by such finders. The company has paid finders' fees to Canaccord Genuity Corp.

for CAD 107,159.50 cash and 306,170 broker warrants, Raymond James Ltd. for CAD 15,557.50 cash and 44,450 broker warrants, Leede Jones Gable for CAD 6,999.99 cash and 19,999 broker warrants, iA Capital Markets for CAD 15,925 cash and 45,500 broker warrants. Each finder's warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.35 for a period of one year from the closing of the transaction. The company has received $19,401 (CAD 24,185.2866) in funding pursuant to Regulation D from one investor.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.