On August 22, 2022, EasTower Wireless Inc. closed the transaction. The company has issued 10,320,872 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 516,043.60 in the transaction. The transaction included participation from 11 placees, including pro group involvement of four placees for 800,000 units.

The offering included the effective conversion of CAD 36,565 of debt the company held with an arm's length lender in exchange for 731,300 units at CAD 0.05 per unit. In connection with the issue and sale of the units pursuant to the offering, the company paid registered dealers finder's fee of cash commissions equal to CAD 25,140, and non-transferable compensation options to purchase 502,800 common shares at an exercise price of CAD 0.05 per share until 24 months following closing.