On August 17, 2023, Jackpot Digital Inc., closed the transaction. The company raised CAD 614,170 in its third and final tranche closing. The debentures will bear interest at the rate of 10 per cent per annum, and are convertible into common shares of the company at the price of CAD 0.075 cents per share in the first year. The aggregate proceeds raised in all three tranches is CAD 3,579,952.50. The securities issued in the third and final tranche are subject to the statutory hold period, which will expire on Dec. 15, 2023. As a part of the transaction, the company paid finder's fees of CAD 6,506 in cash and has issued 86,750 non-transferable share purchase warrants exercisable at 10 cents per share for a period of two years.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 18 placees including existing insider involvement of one insider for 1,450,000 and pro group involvement of pro groups for 400,000.