On June 4, 2021, Arianne Phosphate Inc. (TSXV:DAN) closed the transaction. The company issued 11,500,000 units for gross proceeds of CAD 5,750,000 in the transaction. The company received $343,430 (CAD 415,000.812) from 2 investors pursuant to exemption provided under Regulation D. The company paid CAD 295,000 as finders' fees and issued 590,000 common share purchase warrants to purchase 590,000 common shares of the company at a price of CAD .50 per common share for a period of 24 months following the closing of the transaction.