On July 24, 2019, Pima Zinc Corp. (OTCPK:RAEW.F) closed the transaction. The company issued 7,400,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 370,000. Each unit consists of a common share plus one share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of CAD 0.10 per share for a period of 24 months from the date of issuance. The securities are subject to a 4-month hold period in accordance with applicable securities laws.