On June 30, 2023, Bnsellit Technology Inc. closed the transaction. The company has amended the terms of the transaction. The company issued 1,589,434 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 95,366 in its third and final tranche.

The company raised CAD 376,738 in funding so far in the transaction. Each Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable into common shares at a price of CAD 0.10 per warrant expiring on December 31, 2024.

All securities issued under the Offering are subject to a statutory hold period until October 31, 2023. CAD 35,122 of the Offering was subscribed to by directors and officers of the Corporation.