On May 5, 2020, Frankly Inc. (TSXV:TLK) closed the transaction. On the same date, the company has amended the terms of the transaction. Of the 1,364,952 shares issued, a total of 716,600 shares were issued at a price of CAD 0.4 per share pursuant to the private placement policies of the TSX Venture Exchange. The remaining 648,352 shares were issued as bonus shares under the loans, bonuses, finder's fees and commissions policies of the TSX Venture Exchange, in connection with an amendment to the company's loan agreement. The TSX Venture Exchange has accepted for filing documentation with respect to the offering. The transaction included participation from single placee.