On December 18, 2023, TrustBIX Inc. closed the transaction. The company issued 1,300,000 units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 26,000 in its final tranche. Certain insiders of the company participated in the private placement for an aggregate total of 550,000 units for gross proceeds of CAD 11,000.

No finders' fees or other compensation was paid in connection with the private placement. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on August 14, 2023. The transaction included participation from 12 placees and 2 insiders with total existing insider involvement of 550,000 shares.