On January 6, 2016, Cazaly Resources Ltd. closed the transaction. The company issued 6,831,667 shares for gross proceeds of AUD 204,950 in second tranche of the transaction. The company also issued 3,415,834 options in the transaction.

The option issued can be exercised at a price of AUD 0.04 per share on or before January 5, 2018. The company raised AUD 404,950 in the transaction. The transaction involved participation from professional investors.