On May 10, 2024, New Zealand Energy Corp. closed the transaction. The company amended the terms of the transaction and issued additional 293,333 common shares of the company at a price of CAD 0.70 per share for the gross proceeds of CAD 220,000.

In total, the company issued 6,960,000 common shares at a price of CAD 0.70 per share for the aggregate gross proceeds of CAD 5,220,000.