On January 18, 2024, KR Investment Ltd. closed the transaction. The company issued 1,683,267 units at a price of CAD 0.12 per unit for the gross proceeds of CAD 201,992.04. Each unit shall consist of one common share in the capital of the company; and one transferable share purchase warrant, with each warrant entitling the holder thereof to acquire one common share at a price of CAD 0.16 per share until 12 months following closing. No broker or finders' fees have been paid in connection with the private placement.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 6 placees.