On March 14, 2023, MiMedia Holdings Inc. closed the transaction. The company has issued 3,400 convertible debenture units at an issue price of CAD 1,000 for the gross proceeds of CAD 3,400,000 in the transaction. Out of the total amount received, the company has received CAD 274,582 pursuant to exemption provided under Regulation D from two investors.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 59 placees including pro group involvement of five placees for 1,314,000