On January 13, 2017, NxGold Ltd. (TSXV:NXN) closed the transaction. The company has amended the terms of the transaction and has issued 2,116,000 units and received $529,000 in its second tranche. The company has issued 21,956,600 units for gross proceeds of CAD 5,489,150 in the transaction. The second tranche included participation from 26 placees, including a professional group subscribed 280,000 units.