On January 6, 2021, Canada Energy Partners Inc. (TSXV:CE.H) closed the transaction. The company issued 980,000 units for gross proceeds of CAD 122,500. The securities issued in the private placement are subject to a four-month hold period ending on May 6, 2021, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The company paid PI Financial Corp. a cash finder's fee of CAD 7,000, equal to 8% of the aggregate gross proceeds received by the company from the sale of units to purchasers in the private placement introduced to the company by PI Financial.