On March 31, 2018, Blackwell Global Holdings Limited (NZSE:BGI) closed the transaction. The company issued 313,872,866 common shares at NZD 0.008 per share for proceeds of NZD 2,510,982.928, 500,000 convertible notes at NZD 1 per note for proceeds of NZD 500,000, and secured bonds for NZD 2,000,000 for total gross proceeds of NZD 5,010,983. The transaction was approved by shareholders of the company.