On October 6, 2023, Klimat X Developments Inc. closed the transaction. The company has issued 1,126,666 units at a price of CAD 0.15 per unit for gross proceeds of CAD 169,000 in its second and final tranche closing. In total, the company has issued an aggregate of 7,163,233 units for gross proceeds of CAD 1,074,485.05 in the transaction. The transaction included participation from James Tansey, Neil Passmore and Kevin Godlington for CAD 48,000 each, for a total of CAD 144,000 representing 960,000 units in the second tranche of the offering.

The TSX Venture Exchange has accepted for filing documentation with respect to a non- brokered private placement. The transaction included participation from 17 placees including existing insider involvement of 3 insiders for 900,000 common shares.