On February 13, 2023, Pangea Natural Foods Inc. closed the transaction. The company amended the terms of the transaction. The company issued 7,650,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 765,000.

Each unit consists of one Class A common share and one-half of one common share purchase warrant. In connection with the placement, the company issued 128,000 finder's warrants and paid a cash commission of CAD 12,800. Each finder's warrants will entitle the holder, on exercise thereof, to acquire one additional common share at a price of CAD 0.20 per common share for a period of 24 months from the date of issuance.