On October 26, 2022 Silk Road Energy Inc. closed the transaction. The company raised CAD 101,000 in the transaction. The company issued 483,333 common shares for proceeds of CAD 29,000 in its second tranche.

The company issued 200,000 common shares for proceeds of CAD 12,000 in its final tranche. The transaction included participation from 4 placees including one existing insider. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.