On November 29, 2018, Orinoco Gold Limited (ASX:OGX) closed the transaction. The company amended the terms of the transaction and issued 12,503,704 shares for gross proceeds of AUD 168,800 and 12,503,704 options in the third tranche. The company issued total 71,525,931 common shares for gross proceeds of AUD 965600 and 71,525,931 options in the transaction. The company issued shares to a number of sophisticated and professional investors, some of whom were clients of Empire Capital and others introduced by the directors of the company. Shareholder approval obtained for the issue of 71,525,931 shares. Shareholder approval sought for the issue of up to 71,525,931 options.