On June 29, 2020, California Gold Mining Inc. (CNSX:CGM) closed the transaction. The company issued 1,468,750 common shares for gross proceeds of CAD 235,000 in its third and final tranche. The company has received CAD 751,800 in the transaction. The common shares issued in the final tranche are subject to a four-month hold period expiring on October 30, 2020.