On December 18, 2020, Ophir Gold Corp. (TSXV:OPHR) closed the transaction. The company issued 18,336,532 units for gross proceeds of CAD 2,750,480. Each warrant is exercisable into one common share at a price of CAD 0.22 per share at any time on or before December 17, 2022. TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from 18 placees including insiders Jonathan Armes for 300,000 shares, Darren Smith for 40,000 shares, Garry Clark for 30,000 shares, Steel Rose Capital (Jonathan Bey) for 100,000 shares, and Shawn Westcott, Chief Executive Officer and Director of the company for 80,000 shares. The company paid finders fees of CAD 55,650 and issued 714,000 finder warrants to Red Cloud Securities Inc., CAD 1,750 and 11,666 warrants to Couloir Capital Securities Ltd., CAD 1,050 and 7,000 warrants to Haywood Securities Inc., CAD 9,312.49 and 61,417 warrants to Canaccord Genuity Corp. and CAD 3,500 and 23,334 warrants to Fidelity Clearing Canada ULC. Each finder warrant entitles the holder thereof to acquire one common share at an exercise price of CAD 0.15 at any time on or before December 17, 2022.