On October 24, 2019, Eastmain Resources Inc. (TSX:ER) closed the transaction. The company issued an aggregate of 5,765,772 units for gross proceeds of CAD 691,893, and 12,632,257 Quebec flow-through common shares for gross proceeds of CAD 408,000 and 689,654 federal flow-through common shares for proceeds of CAD 100,000, aggregate proceeds of CAD 1,199,982. All securities issued is subject to a statutory hold period expiring on February 25, 2020. The transaction is subject to final approval from Toronto Stock Exchange. The transaction included participation from insiders of the company for an aggregate of 1,330,834 units. The company has raised CAD 12731.55385 from single investor pursuant to exemption provided under Regulation D.