On June 8, 2022, Lincoln Ventures Ltd. closed the transaction. The company has issued 1,25,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 100,000. The company will issue warrant to purchase 1,25,000 shares of the company.

The warrants will be exercisable at a price of 0.105 per share for a one-year period. The transaction included participation from five placees including insiders GR7 Holdings Inc. represented by Murray Flanigan for 250,000,J. Proust & Associates Inc. represented by John Proust for 250,000 shares and total pro group involvement for 625,000 (two placees). The company paid finder's fee of CAD 3,000 cash to PI Financial Corp.