On January 25, 2024, ReVolve Renewable Power Corp. closed the transaction. The company has issued 8,130,551 units for aggregate gross proceeds of CAD 2,317,207 in the transaction. The company issued 1,715,542 units at a price of CAD 0.285 per unit for the gross proceeds of CAD 488,929.47 in the third and final tranche of the transaction. In connection with the Third Tranche, the Company paid a cash commission of CAD 7,508 to certain arms-length third parties who assisted in introducing subscribers to the Offering, representing 5% of the proceeds raised from subscribers introduced to the Company by such Finders. All securities issued and issuable pursuant to the Third Tranche are subject to a statutory hold period expiring May 25, 2024 in accordance with applicable securities laws and the policies of the TSXV. The Offering remains subject to the final approval of the TSXV.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 40 placees including existing insider involvement of 4 insiders for 795,701 and pro group involvement of one insider for 20,000.