On May 27, 2020, Fura Gems Inc. (TSXV:FURA) closed the transaction. The company issued 28,755,592 common shares for gross proceeds of CAD 7,188,898 in its second and final tranche bringing the total funding raised in the transaction to CAD 33,877,500. The tranche included participation from Lord Of Seven Hills Holdings Fze representing approximately 10.59% of the issued and outstanding common shares. Post the transaction Lord Of Seven Hills Holdings Fze holds a total of 135,115,126 common shares, representing approximately 49.67% of the issued and outstanding common shares. The shares issued in connection with the final tranche are subject to a statutory four-month hold period, which expires on September 28, 2020. The company paid no finder's fees in final tranche. TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of the transaction.