On January 26, 2024, Gencan Capital Inc. closed the transaction. The company amended the terms of the transaction and announced that it has issued 1,314,286 units at an issue price of CAD 0.07 per unit for gross proceeds of CAD 92,000.02. No finder?s fees were paid in connection with the Private Placement.

Insiders of the Corporation participated in the Private Placement for 78,786 Units at an issue price of CAD 0.07 per unit for the gross proceeds of CAD 5,515.02 in the transaction. The transaction was oversubscribed.