On December 15, 2022, Terra Balcanica Resources Corp. closed the transaction. The transaction included participation of Aleksandar Miškovic, CEO and a director, Guilio Bonifacio, chair of the board of directors, Steven Latimer, a director, and Brandon Bonifacio, a director for 1,023,000 units making it a related party transaction.

The participation by Insiders in the offering was approved by directors of the company who are independent in connection with such transaction. The warrants can be exercised until December 15, 2025. Finders' fees in the amount of CAD 17,689 were paid