On December 12, 2022, Vatic Ventures Corp. closed the transaction. The company announced that TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

As a part of transaction, the company will pay CAD 47,846 cash and 208,000 warrants (two finders) (The finders' warrants shall be exercisable into shares at a price of 23 cents per finder's warrant for two years from the date of issuance.)