On September 14, 2016, Big North Graphite Corp. (TSXV:NRT) closed the transaction. The transaction involved participation from 25 placees including four placees from professionals' group for 2,900,000 units. The transaction is subjected to final approval from TSX Venture Exchange. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The securities issued are subject to hold period ending on January 15, 2017. The company paid finder’s fees of CAD 12,950 to Canaccord Genuity Corp.