On December 16, 2019, LOOPShare Ltd. (TSXV:LOOP) closed the transaction. The company issued 3,817,500 class A common shares for gross proceeds of CAD 763,500 in its third tranche closing, bringing the total gross proceeds raised in the transaction to CAD 2,355,472. All securities issued in the third tranche are subject to a hold period expiring on April 14, 2020. The transaction included participation from 61 placees also including certain insiders of the company, Matthew Clayton for 125,000 shares, Roop Mundi for 100,000 shares, Brian Grange for 125,000 shares and Evan Southern for 50,000 shares. The TSX Venture Exchange has accepted filing for documentation of the transaction.