On December 6, 2019, Falcon Gold Corp. (TSXV:FG) closed the transaction. The company issued 2,085,000 units for gross proceeds of CAD 104,250. The transaction included participation from 4 placees including insiders David Tafel for 340,000 shares, James Farley for 720,000 units, Karim Rayani of R7 Capital Ventures Ltd. for 500,000 units.