On March 21, 2018, Manalto Limited (ASX:MTL) closed the transaction. The company issued 2,570,000,000 shares for gross proceeds of AUD 2,570,000. The company also issued 1,713,333,334 options, exercisable at AUD 0.004 and would mature on March 21, 2021. The transaction included participation from returning investors, Anglo Menda Pty Ltd for 400,000,000 shares and Australian Share Nominees Pty Ltd for 170,000,000 shares.