On January 12, 2017, Calibre Mining Corp. (TSXV:CXB) closed the transaction. Insiders of the company have subscribed units in the transaction. The company issued 120,000 units as finders' fees, exercisable into common share at an exercise price of CAD 0.15 per share for a period of 36 months. The company issued CAD 24,999.52 pursuant to exemption provided under Regulation D from one investor. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Quarry Capital Corporation subscribed for 5,000,000 shares, Greg Smith, Chief Executive Officer, subscribed for 75,000 shares, Blayne Johnson subscribed for 4,000,000 shares, Douglas Hurst subscribed for 250,000 shares, Edward Farrauto, director of the company subscribed for 500,000 shares, SPI Spartan Investments Inc. subscribed for 150,000 shares, Clive Johnson subscribed for 500,000 shares, Julie Lassonde, subscribed for 500,000 shares, John Reynolds subscribed for 300,000 shares, and professional group subscribed for 2,100,000 shares. Paradigm Capital Inc. acted as finder to the company and issued 120,000 units.