On August 11, 2023, VSBLTY Groupe Technologies Corp. closed the transaction. The company issued 6,580,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 329,000 in its third and final tranche.

The company raised in aggregate total gross proceeds of approximately CAD 4,172,850 in the transaction. Each unit issued in the third tranche is comprised of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at a price of CAD 0.075 per warrant share until August 11, 2027. All units issued in the third tranche are subject to a statutory hold period until December 12, 2023.

The company paid CAD 45,000 and issued 300,000 shares as corporate advisory fees in the transaction. The company has received $395,378 from 10 investors pursuant to Regulation D. The company paid Finder fee's of CAD 9,100. Canaccord Genuity Wealth Management (USA) Inc. also received 182,000 finder's warrants each exercisable into a common share at CAD 0.075 per share for 24 months.