On April 30, 2024, PR Technology Inc. closed the transaction. The company has issued 3,000,000 common shares at a price of CAD 0.10 per share for the gross proceeds of CAD 300,000 in its second and final tranche closing. The company has raised total gross proceeds of CAD 500,000 through the sale of 5,000,000 common shares in the private placement.

In accordance with applicable securities legislation, all common shares issued pursuant to the Private Placement are subject to a hold period of four months and a day from the closing date of the Private Placement. Further, the common shares issued pursuant to the Private Placement may not be transferred until full revocation of the FFCTO, of which there is no guarantee.