On December 9, 2019, Cardero Resource Corp. (TSXV:CDU) closed the transaction. The company issued additional 333,333 units for proceeds of CAD 10,000. The company has received total proceeds of CAD 359,000 in the transaction. The transaction included participation from 4 placees including Robert C. Kopple of KF Business Ventures LP for 10,833,333 shares and aggregate pro group involvement for 500,000 shares. The company will pay CAD 1,050 and 35,000 warrants as finder fee to PI Financial Corp. Finder's fee warrants are exercisable at CAD 0.05 per share for two years.