On May 31, 2019, Amazing Energy Oil and Gas, Co. (OTCPK:AMAZ) closed the transaction. The company amended the terms of the transaction. The company issued 6,560,000 shares at a price of $0.25 per share for gross proceeds of $1,640,000 in the transaction from 17 investors. The company raised $20,000 in its second and final tranche.