On March 5, 2020, Teras Resources Inc. (TSXV:TRA) closed the transaction. On the same date, the company amended the terms of the transaction. The company issued 10,232,380 units for gross proceeds of CAD 511,619. The transaction included participation from Joseph Carrabba, Chief Executive Officer and Director of the company for 2,000,000 units. The company issued 399,000 broker warrants at an exercise price of CAD 0.075 per share until March 4, 2021 and paid finders fees of CAD 19,950 in relation to the transaction. All securities issued in the transaction is subject to a hold period expiring on on July 05, 2020. The company announced that the TSX Venture Exchange has accepted the filing documentation with respect to the transaction.