On January 3, 2023, BuildDirect.com Technologies Inc. closed the transaction. The company announced that it has issued 1,121,622 common shares at a price of CAD 0.37 per common share for total gross proceeds of CAD 415,000 in its second tranche and final tranche. The shares issued pursuant to the second tranche are subject to a statutory hold period of approximately four months ending on May 4, 2023 in accordance with applicable securities law.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from three placees including agggregate existing insider involvement of three insiders for 5,405,407 shares.