On April 26, 2024, THS Maple Holdings Ltd. closed the transaction. The company has issued 22,964,000 common shares at an issue price of CAD 0.184 per share for gross proceeds of CAD 4,225,376. The Concurrent Financing was completed on a nonbrokered private placement basis and no finder?s fee was paid in connection with the Concurrent Financing.

A majority of the subscribers under the Concurrent Financing were arm?s length subscribers. Upon completion of the transaction there were 60,339,100 shares issued and outstanding. An aggregate of 25,006,622 shares issued to Security holders were placed in escrow pursuant to a value security escrow agreement and an aggregate of 668,487 shares are subject to seed share resale restrictions pursuant to the policies of the Exchange and will be released in accordance with the terms thereof.