On March 24, 2022, Martello Technologies Group Inc. closed the transaction. The company issued 500,000 common shares at CAD 0.10 per share for proceeds of CAD 50,000 in the third and final tranche and received an aggregate gross proceed of CAD 2,487,000. The transaction included participation from entirely, either directly or indirectly by insiders, including Wesley Clover International Corporation, co-chairman Bruce Linton, president and chief executive officer John Proctor, chief financial officer Colley Clarke, Michael Michalyshyn, Don Smith, Mike Galvin, Jennifer Camelon and Erin Crowe.
The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from one placee and insider Jennifer Camelon for 500,000 shares.