On May 29, 2020, ScoZinc Mining Ltd. (TSXV:SZM) closed the transaction. The company issued 509,954 units for the gross proceeds of CAD 152,986.20 in its oversubscribed third and final tranche bringing the total funding raised in the transaction to CAD 1,150,000. The company paid CAD 1,855.04 in cash compensation and issued 6,183 compensation warrants to eligible finders for their assistance with the third tranche. Each compensation warrant is exercisable into a common share for a period of twenty-four months. All securities issued pursuant to the offering will be subject to a four month and one day hold period applicable under Canadian securities laws. Certain directors, officers and other insiders of the company have acquired a total of 323,286 units pursuant to the third tranche. In connection with the third tranche, Ashwath Mehra, a director of the company, has acquired 273,334 units. Immediately prior to the closing of the third tranche, Mehra held directly and indirectly 1,265,000 common shares, 1,065,000 common share purchase warrants of the company and 40,000 options to purchase common shares, or approximately 16.14% of the then 13,574,840 issued and outstanding common shares on the partially diluted basis. Following the closing of the third tranche, Mehra holds 1,538,334 common shares, 1,338,334 common purchase warrants of the company and 40,000 options to purchase common shares or approximately 18.86% of the total number of issued and outstanding common shares on a partially diluted basis. The company accepted TSX Venture Exchange filing. The transaction included participation from 47 placees including Mark Haywood for 119,952 shares, Michael McMullen for 556,667, Ashwath Mehra for 513,334 shares, Simion Candrea for 66,667 shares. The company paid $18,759.41 cash and issued 62,531 finder's warrants payable to Stephens Avenue Securities Inc.