On July 13, 2023, Martello Technologies Group Inc. closed the transaction. The common shares issued in the private placement are subject to a four-month hold, which expires on November 13, 2023. The transaction subject to approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee, and existing insider involvement of one insiders for 50,000,000.