On June 8, 2021, Pan Global Resources Inc. (TSXV:PGZ) closed the transaction. The company issued 24,916,667 shares for gross proceeds of CAD 14,950,000. The common shares issued in the transaction are subject to a four month hold period expiring October 9, 2021. The company raised $214,913 (CAD 259,866.3522) pursuant to regulation D from 17 investors in the transaction.