On March 30, 2023, LXRandCo, Inc. closed the transaction. The company amended the terms of the transaction. The company issued 1,235 unsecured convertible debenture units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 1,235,000.

The transaction included participation from returning investor Gibraltar Ventures for 300 unsecured debenture units for the proceeds of CAD 300,000. Gibraltar Ventures now owns 10,449,778 Class B Shares, 300 debenture units and 210,000 warrants, or 12.83% of the issued and outstanding Class B shares such that, in the aggregate, Gibraltar Ventures and its affiliates