On September 25, 2020, Jubilee Gold Exploration Ltd. (TSXV:JUB) closed the transaction. The company issued 130,000 class A common shares at a price of CAD 0.65 per share for the gross proceeds of CAD 84,500. The company has not paid commission, finder's fee or similar payment in the transaction. The class A common shares are subject to a statutory hold period of four months plus one day from the date of completion of transaction. The transaction has been approved by board of directors of the company. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction includes participation from one placee.