On August 4, 2020, Project One Resources Ltd. (CNSX:PJO) closed the transaction. The round was oversubscribed and company issued 3,578,056 units at a price of CAD 0.18 per unit for aggregate gross proceeds of CAD 644,050.24. The shares have been issued and have a hold period to November 5, 2020; the share purchase warrants expire on August 4, 2020. Insiders subscribed for a total of CAD 72,450 or 402,500 units of the financing. The company raised $32,978 (CAD 44,100) in funding by issuing 245,000 units in the transaction pursuant to exemption provided under Regulation D from 2 investors .