On May 7, 2021, Waraba Gold Limited (CNSX:WBGD) closed the transaction. The company issued 28,052,500 units for gross proceeds of CAD 5,610,500. The transaction included participation from returning investor, Berger Van Berchem & Cie SA, Investment Arm for 17,575,000 units for gross proceeds of CAD 3,515,000. The investor will hold 16.5% stake in the company post closing of the transaction on a non-diluted basis.