On January 3, 2018, Altech Chemicals Limited (ASX:ATC) closed the transaction. The company amended the terms of the transaction. It has issued a total of 37,822,369 shares for gross proceeds of AUD 3,000,000.

The company issued 14,334,287 shares for proceeds of AUD 2,006,800 to various parties associated with Melewar in its second tranche.