On September 18, 2019, Covalon Technologies Ltd. (TSXV:COV) closed the transaction. The transaction involved participation from insiders for 2,175,400 units and other investors. The company has received a necessary waiver and consent from its lenders under its applicable credit agreement with respect to the transaction. All securities issued will be subject to a hold period expiring January 19, 2020. No commission or finder's fee was paid in connection with the transaction. The transaction has been conditionally approved by the TSX Venture Exchange. The company has received CAD 878,003.6 from six investors in funding pursuant to Regulation D. TSX Venture Exchange has accepted for filing documentation with respect the transaction. The transaction included participation from 42 placees including Almada Inc. for 1,000,000 shares, Chord Management Inc for 50,200 shares, Jeffrey Mandel for 25,000 shares, Ron Smith for 12,500 shares.