On December 29, 2022, Zonetail Inc. closed the transaction. The company has issued has issued 3,250,000 units, for gross proceeds of CAD 130,000. The company has paid finders fees of approximately CAD 7,800 in aggregate and has issued an aggregate of 195,000 finders warrants of the company to such eligible finders.

Each Finder Warrant entitles the holder to purchase one share of the company at an exercise price of CAD 0.06, for a period of 36 months from the closing date of the transaction. All the securities issued are subject to a hold period of four months and one day. The transaction included participation from one pro group for CAD 750,000 and three placees.