On February 9, 2023, Newfoundland Discovery Corp. closed the transaction. The company has issued 11,593,399 units at a price of CAD 0.06 per unit for total gross proceeds of CAD 695,603.94 in the transaction.

The company has paid finder's fees of CAD 9,450 and issued 157,500 finder's warrants to an arm's-length party, entitling the holder to acquire one share at a price of CAD 0.10 per share for a period of 24 months.