On June 2, 2017, Golden Leaf Holdings Ltd. (DB:9GL) closed the transaction. The company issued 125,892,857 subscription receipts for aggregate gross proceeds of CAD 35,250,000. Each warrant will be exercisable to acquire one common share at a price of CAD 0.37 per share, subject to adjustment in certain events until June 2, 2019. All securities issued pursuant to the transaction are subject to a statutory hold period of four months and one day, expiring on October 3, 2017. The company raised $1,874,600 (CAD 1,874,600) pursuant to exemption provided under Regulation D to four investors. The conversion was made through www.oanda.com as of June 2, 2017.