On February 1, 2021, Nevada Zinc Corporation (TSXV:NZN) closed the transaction. The transaction included participation from 20 new and existing shareholders including participation from management and board members of the company for aggregate of 1,785,723 common shares at a price of CAD 0.07 per share and 694,438 common shares at a price of CAD 0.09 per share, representing 25% of the transaction. Post-closing of the transaction, the company issued total of 84,311,762 common shares on a non-diluted basis. The securities issued in the transaction are subject to a four-month hold period, expiring on May 30, 2021. The company announced that TSX venture exchange has accepted filling documentation for the transaction. The transaction included pro-group involvement for 76,666 shares from 1 placee and insiders Max Vichniakov for 238,095 shares, Donald H. Christie for 630,957 shares, Jim Beqaj for 630,957 shares, and Eugene Lee for 285,714 shares with respective to 7,142,857 common shares, and Max Vichniakov for 92,593 shares, Donald H. Christie for 245,367 shares, Jim Beqaj for 245,367 shares; and Eugene Lee for 111,111 shares and pro group involvement 29,814 shares and 20 placees, for 2,777,777 common shares.