On September 30, 2019, Alt Resources Limited (ASX:ARS) closed the transaction. The company has issued 70,000,000 shares at issue price of AUD 0.025 per share for gross proceeds of AUD 1,750,000 in its fifth tranche. The company also issued 15,000,000 unlisted options exercisable at AUD 0.035 expiring 30 September 2022.