On December 20, 2022, ATW Tech Inc. closed the transaction. The company issued 10,700,000 units of the Company at a price of CAD 0.05 per unit for gross proceeds of CAD 535,000.

The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from six placees and total existing insider involvement was for 3,400,000 shares.