On November 1, 2022, Vatic Ventures Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 1,000,000 units at an issue price of CAD 0.2 per share for gross proceeds of CAD 200,000. TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from fice placees and insiders of the company for 412,500 units for gross proceeds of CAD 82,500.

Each unit will be comprised of one common share and one half of a common share purchase warrant. Each warrant will be exercisable into a common share of the company at an exercise price of CAD 0.30 per share for 24 months from closing. All securities issued will be subject to a 4 month hold period.

The issuance of the units are subject to the receipt of all regulatory approvals.