On December 18, 2020, Gatling Exploration Inc. (TSXV:GTR) closed the transaction. The company issued 5,497,140 flow-through common shares for gross proceeds of CAD 3,023,427 and 3,240,000 units gross proceeds of CAD 1,620,000 for aggregate gross proceeds of CAD 4,643,427 on best effort basis. The transaction involved participation from 38 investors including Jason Billan, President, CEO & Director for 50,000 units, Sprott Asset Management, LP for 1,800,000 flow-through common shares, aggregate professional group including Meagher Consulting Inc. for 60,000 units, Filipe Martins for 100,000 units, Colin Hoodspith for 25,000 flow-through common shares, Shelley Hoodspith for 25,000 flow-through common shares and Peter Grosskoph for 272,730 flow-through common shares. Each warrants are subject to accelerated expiry clause that if the daily volume weighted average price over any 10 consecutive trading days is CAD 1.10 or more at any time then the warrants will expire on subject to the company’s discretion, on the earlier of the expiry date and 5:00 p.m. on the date which is 10 calendar days after the company provides notice to the holders. The warrants are exercisable until December 18, 2022. All the securities issued will expire on April 19, 2021. The filing documentation with respect to the transaction has been accepted by TSX Venture Exchange.