On July 9, 2024, VSBLTY Groupe Technologies Corp. closed the transaction. The company issued convertible unsecured debentures for the gross proceeds of $170,000.

The Debentures will bear interest from July 9, 2024 at a rate of 18% per annum on an accrual basis, calculated and payable semi-annually, and will mature on July 9, 2026. The principal amount of the Debentures, together with any interest accrued but unpaid, may be converted, in whole or in part, at any time before the Maturity Date, into units of the Company, at the election of the Debenture holder at US$0.055 (CAD 0.08) per Unit. Each Unit consists of one common share in the capital of the Company and one Share purchase warrant.

Each Warrant will be exercisable into one Share at a price of US$0.055 (CAD 0.08) per Warrant Share for a period of 36 months from the Closing Date. The securities issued pursuant the Offering and the warrants issued to CCC are subject to a statutory four month and one day hold period, which expires on November 10, 2024.