On February 8, 2023, the company has issued 6,000,000 common shares at a price of CAD 0.05 per common share for gross proceeds of CAD 300,000 in its second and final tranche. In total, the company issued an aggregate of 9,000,000 common shares for gross proceeds of CAD 450,000 in the transaction. The transaction included participation from one insider investor for 1,650,000 shares and one pro group for 3,800,000 shares In connection with the transaction, the company paid a cash commission in the aggregate of CAD 21,000 and issued an aggregate of 420,000 broker warrants.

Each Broker Warrant is exercisable into common shares at a price of CAD 0.05 per common share until February 8, 2025.