On July 30, 2020, Claren Energy Corp. (TSXV:CEN) closed the transaction. The company issued 22,000,000 shares for gross proceeds of CAD 1,100,000. All securities issued in the transaction are subject to a four-month and one day hold period expiring on November 25, 2020. Mark Lawson, subscribed 1,000,000 shares and Carlo Civelli subscribed for 21,000,000 shares.