On January 27, 2020, mCloud Technologies Corp. (TSXV:MCLD) closed the transaction. The company has issued 457,875 special warrants for proceeds of CAD 1,831,500 in its second tranche closing on non-brokered basis, bringing the total gross proceeds raised in the transaction to CAD 13,331,500. The transaction is subject to the final approval of TSX Venture Exchange. In connection with the second tranche, the company received CAD 737,445 ($559,467) from 75 investors pursuant to exemption provided under Regulation D. The TSX Venture Exchange has accepted for filing documentation of the transaction.