On November 13, 2020, Arctic Hunter Energy Inc. (TSXV:AHU) closed the transaction. The company issued 1,498,321 units for proceeds of CAD 224,748.30 in its second and final tranche closing. All of the securities issued in connection with the second tranche will be subject to a four month hold period ending March 14, 2021. As a part of transaction returning investor Timothy Coupland acquired an additional 333,333 common shares and currently has ownership or control over 9.83% of the common shares of the company.