On December 22, 2022, New Leaf Ventures Inc closed the transaction. The company amended the terms of the transaction. The company issued 5,084,950 units at CAD 0.10 per unit for gross proceeds of CAD 508,495.

Each warrant will be exercisable to acquire one common share at a price of CAD .20 per share until Dec. 22, 2024. The company will pay a cash finder's fee of CAD 1,750 and issue 17,500 broker warrants, with each broker warrant exercisable to acquire one common share at the offering price until the expiry date.