On November 17, 2020, Skarb Exploration Corp. (CNSX:SKRB) closed the transaction. The company amended the terms of the transaction.

The company now issued 57,030,000 units at an issue price of CAD 0.20 per share for gross proceeds of CAD 11,406,000. The transaction involved participation from company directors and officers. The company paid finders' fees on a portion of the transaction in the form of cash for a total of CAD 447,810 and 2,253,450 broker warrants at CAD 0.50 for a period of 24 months from closing.

The transaction is subject to Canadian Securities Exchange approval. The company issued $210,155 ( CAD 274,987.8175) pursuant to exemption provided under Regulation D. The transaction included participation from 4 investors.