On August 12, 2020, Sigma Lithium Resources Corporation (TSXV:SGMA) closed the transaction. The company issued 8,285,200 common shares for gross proceeds of CAD 17,813,180 in the transaction. No warrants were issued in the transaction. The transaction included participation from 39 investors including global institutional investors, large global family offices, and other investors. The shares are subject to a statutory hold period expiring December 13, 2020. The company paid cash finder's fees of CAD 1,247,729 in the transaction. The TSX Venture Exchange has accepted for filing documentation of the transaction.