On December 22, 2020, Gambier Gold Corp. (TSXV:GGAU) closed the transaction. The company issued 1,993,080 units for gross proceeds of CAD 298,962 in the transaction. The transaction involved participation from 11 placees including returning investor Sven Gollan through Fruchtexpress Grabher Gesellschaft M.B.H. & Co. Kg. for 1,000,000 units, Mike Schuss for 100,000 units, Marc Rafael Hyacinthe Vaudrin for 100,000 units, Michael Burns through 101252103 Saskatchewan Ltd. for 166,680. The company paid 366,680 units to the insider. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.