On June 14, 2023, NetraMark Holdings Inc. closed the transaction. The company amended the terms of the transaction and issued 655,000 units at a price of CAD 0.37 per unit for gross proceeds of CAD 242,350 in its final tranche bringing the total transaction size to CAD 742,350. In connection with the closing of the second tranche, the company paid a finder's commission in the aggregate amount of CAD 16,964.50 and issued 45,850 units, with each broker unit consisting of one common share and one common share purchase warrant.

The broker warrants have identical terms as the warrants. The securities issued by the company in connection with the second tranche will be subject to a 4 month and a day "hold period" expiring October 15, 2023, as prescribed by applicable securities laws.