On June 27, 2019, Cequence Energy Ltd. (TSX:CQE) closed the transaction. The company issued a total of 17,230,769 flow-through common shares for gross proceeds of CAD 11,199,999.85 in the transaction. G.A. Cumming subscribed for 7,737,108 common shares for gross proceeds of CAD 5,029,120 and post to this transaction, he owns a total of 8,338,584 Common Shares, representing 19.96% stake in the company. The transaction has been approved by the shareholders of the company.