On January 23, 2019, Emerald Bay Energy Inc. (TSXV:EBY) closed the transaction. The transaction included participation from a director, officer and insider of the company for 2,500,000 units and 8,000,000 units respectively. TSX Venture Exchange has accepted for filing documentation in respect to the transaction. The transaction included participation from 9 placees including Shelby Beattie for 1,500,000 units, Michael Rice for 1,000,000 units, and returning investor All Investments Ltd. through Clarence Wagenaar for 8,000,000 units.