On January 4, 2022, ICPEI Holdings Inc. closed the transaction. The transaction has received conditional approval from the TSX Venture Exchange and is subject to final approval by the TSX Venture Exchange. Certain insider of the company has subscribed for an aggregate of CAD 100,000 of shares. The transaction was approved by the independent directors of the company. The shares issued pursuant to the transaction are subject to a four-month-and-one-day hold period ending on May 5, 2022.

The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from two placees, including Kenneth Coulson for 51,814 shares.