On May 13, 2020, Plateau Energy Metals Inc. (TSXV:PLU) closed the transaction. The company has issued 2,031,709 units for the gross proceeds of CAD 386,024.71 in its second tranche. The company has issued a total of 14,669,992 units for the aggregate proceeds of CAD 2,787,298.48 in the transaction. The insiders of the company subscribed for approximately 4,110,227 units in the transaction. The company paid a total of CAD 76,551.57 in units as finder’s fee to Haywood Securities Inc. and CAD 22,590.03 in units as finder’s fee to First Globe Capital. The company raised CAD 247,950.05214 from 4 investors including a single non-accredited investor pursuant to exemption provided under Regulation D to investors in the United States of America. Haywood Securities (USA) Inc was paid finder’s fee of CAD 174,419.71554 in cash and issued 31,920 units, exercisable at CAD 0.40 in connection with securities sold to United States of America investors. The company has received acceptance from TSX Venture Exchange with respect to the filing made with the exchange. The transaction included participation from 70 placees. The transaction included participation from insiders of the company, Robert Disbrow for 1,280,485 shares, Thomas Relling for 2,755,248 shares, Wayne Drier for 264,000 shares, Laurence Stefan for 1,064,376 shares, Maryse Belanger for 271,118 shares, Christian Milau for 271,118 shares, and aggregate professional group for 528,000 shares. The company paid finders fees of 402,903 shares and 402,903 warrants to Haywood Securities Inc and 109,325 shares and 109,325 warrants to First Globe Capital International Inc. in relation to the transaction. Each finders warrants will be exercisable for a period of 48 months on the same terms as the warrants issued in the transaction.