On August 21, 2020, Cantex Mine Development Corp. (TSXV:CD) closed the transaction. The company closed the final tranche of its non-brokered private placement of flow through and charity flow through shares. In this closing, the company issued 1,578,948 charity flow through shares at the price of CAD 1.9 per share for gross proceeds of CAD 3,000,001. The shares issued in this closing are subject to a hold period expiring December 22, 2020. Finders' fees of CAD 161,000 were paid in connection with this tranche of the placement. The company paid finder's fee of CAD 22,941 to Primary Capital Inc., CAD 13,000 to Aspen Capital Corporation, and CAD 161,000 to Eight Capital.

On August 31, 2020, TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction involved participation from 8 placees, including Charles Fipke, Chairman of the board for 200,000 shares, and Northfield Capital Corporation (TSXV:NFD.A) for 120,000 shares and aggregate pro group involvement for 50,000 shares.