On March 30, 2015, WAI Capital Investments Corp. (TSXV:WAI.H) closed the transaction. The company announced that it has issued 19,895,000 post-consolidated common shares for gross proceeds of CAD 994,750 in its first and second tranche close.

The securities issued will expire on August 1, 2015. The company expected to close the final tranche after the company permits for its Forécariah project have been renewed by the Government of Guinea and published in the Official Journal or when the company acquires another resource project. The company was expected to issue 18,000,000 post-consolidated common shares in the final tranche.

The transaction included participation from returning investor Guy Duport, Chief Executive Officer, for 7,405,000 post-consolidated common shares acquiring 19.70% stake in the company through this transaction. The company announced that it has not closed the third tranche due to uncertainty surrounding the renewal of its Forécariah permits, and a lack of direction from China International Fund Ltd. The funds of third tranche remain in escrow pending written confirmation from the Government of Guinea.