On June 14, 2019, Ellipsiz Communications Ltd. (TSXV:ECT) closed the transaction. The company issued 2,370,333 units for gross proceeds of CAD 3,555,450. The transaction included participation from insiders for 632,333 units. The company has received acceptance from TSX Venture Exchange with respect to the filing. The transaction included participation from 19 placees. The transaction included participation from insider of the company, Eric Chan for 85,000 shares, Wenling Xu for 14,000 shares, Mark Korol for 70,000 shares, Ou Yang Horng for 100,000 shares, Rhoda Mei Ling Liu for 38,000 shares, Chih-Huei Yen for 35,000 shares, Pei-Ling Chen for 70,000 shares, Wen-Hua Fu for 50,333 shares, Wen-Kai Hsieh for 35,000 shares, and Joseph Shuen Chuen Chan for 35,000 shares.