On August 9, 2019, Osprey Gold Development Ltd. (TSXV:OS) closed the transaction. The transaction involved participation from new investor MegumaGold Corp. (CNSX:NSAU) for 13,100,000 shares and 17 placees, including professionals' group for 1,000,000 shares, John Eric Wenger, director, for 200,000 shares, Michael Cooper for 200,000 shares, Eugene Beukman for 2,500,000 shares.

The company paid Haywood Securities Inc. CAD 3,500 in cash and 70,000 finder warrants payable towards finder's fees. Canaccord Genuity Corp. acted as finder and received $793 (CAD 1,050) and also included 21,000 finder's warrants exercisable at CAD 0.075 for two years.

The company received $11,332 (CAD 15,009) through Regulation D from one investor.