On May 31, 2019, Feronia Inc (TSX-V: FRN) closed the transaction. The company issued 346,062,202 common shares at a price of CAD 0.075 per share for gross proceeds of CAD 25,954,665.15. The transaction included participation from returning investors CDC Group plc for 164,071,101 shares worth CAD 12,305,332.575, Straight KKM 2 Limited for 164,071,101 shares worth CAD 12,305,332.575 and Golden Oil Holdings Limited for 17,920,000 shares worth CAD 1,344,000. Post transaction, CDC Group plc, Straight KKM 2 Limited and Golden Oil Holdings Limited hold 41.85%, 41.85%, and 13.55% stake in the company, respectively.