On January 3, 2022, Pinedale Energy Limited closed the transaction. The company has received CAD 820,000 pursuant to exemption provided under regulation D. The transaction included participation from returning individual investor Thomas Humphreys for 1,200,000 common shares. Post closing Thomas Humphreys stake will decrease to 7.71%.

An amount of CAD 180,375 paid in cash to finders in connection with the Private Placement at closing of the acquisition.