On July 16, 2024, King Global Ventures Inc. closed the transaction. The company has now issued 13,518,400 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 3,379,600. Robert Dzisiak subscribed for 100,000 units of the company, representing 0.73% of the units issued.

In addition, 1,400,000 units were subscribed for by a Director of the company, representing 10.39% of the units issued. The shares of this Director are subject to CSE escrow provisions. The company paid finders fees to qualified finders of CAD 4,205 and issued 168,200 broker warrants.

The broker warrants are exercisable on the same terms as the warrants and expire on July 16, 2026. Securities issued on this closing will be subject to a statutory hold period expiring November 17, 2024. The transaction is oversubscribed.