On September 15, 2022, HydroGraph Clean Power Inc. closed the transaction. The company amended the terms of the transaction. The company issued 35,151,666 units at a price of CAD 0.12 for aggregate gross proceeds of CAD 4,218,199.92.

The transaction included participation for more than CAD 700,000, about 17% of the total raise, was funded by the entire executive leadership of the company, including board members, management, friends and family, reinforcing management's commitment to the company. Insiders of the company subscribed for a total of 5,818,500 units in the transaction. Haywood Securities Inc. and PowerOne Capital Markets Limited acted as finders in connection with the transaction.

The company paid a finder's fee equal to equal to 7% of the gross proceeds raised by each finder, and issued finder's warrants equal to 7% of the aggregate number of units issued to the subscribers sourced by each Finder. Each broker warrant entitles the holder thereof to acquire one broker unit at a price of $0.12 for a period of two years from the closing date, subject to acceleration in accordance with the warrant acceleration right. Each broker unit is identical to the units issued under the private placement.