On June 21, 2024, Therma Bright Inc., closed the transaction. The company issued 14,550,000 units at a price of CAD 0.01 per unit for the gross proceeds of CAD 145,500 in its second and final tranche closing. All securities issued under the Final Tranche are subject to a hold period expiring October 21, 2024, in accordance with applicable securities laws and the policies of the TSXV.

A director and officer of the company participated in the final tranche and purchased 1,100,000 units for CAD 11,000.