On January 4, 2022, TIMIA Capital Corp. closed the transaction. The company has amended the terms of the transaction.

The company has issued 6,253,571 units at a price of CAD 0.35 per share for gross proceeds of CAD 2,188,750. The company paid a finder's fee of CAD 35,000 and issued 99,000 non-transferable finder's warrants in the first tranche. Each finder's warrant entitles a finder to purchase one common share at a price of CAD 0.50 per share for two years from the date of issue.

All securities issued in the transaction will be subject to a hold period of 4 months from the date of closing. There were 29 placees in the transaction. Initially the company intended to raise CAD 2,400,000 in the transaction.

The TSX Venture Exchange has accepted for filing documentation. Odlum Brown Ltd. received CAD 16,758 cash and 47,880 finder's warrants; Haywood Securities Inc. received CAD 500 cash; an Leede Jones Gable Inc. received CAD 17,955 cash and 51,300 finder's warrants (Each non-transferable finder's warrant is exercisable into one common share at a price of 50 cents per share for a two-year period, subject to an acceleration clause.) The company has received CAD 927,401 from six investors pursuant to exemption provided under Regulation D.