On June 17, 2024, AAPKI Ventures Inc. closed the transaction. The company announced that it has issued 100 convertible debenture units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 100,000. The Debentures mature on the date that is 12 months from the date of issuance and bear interest at a rate of 10.0% per annum from the Closing Date, payable on the earlier of the Maturity Date or the Conversion Date.

This Debentures allows investors to convert their debentures into units of the Company at a conversion price of 0.05 per unit. Each unit will be comprised of one common share and one share purchase warrant. The warrants are exercisable at CAD 0.05, granting the holder the right to purchase additional common shares for a period of 3 years following the issuance.