On January 31, 2017, Emblem Corp. (TSXV:EMC) closed the transaction. The company issued 4,385,668 special warrants for the gross proceeds of CAD 15,919,974.84. The holders of special warrants will receive, upon such deemed exercise and for no additional consideration, one unit of the company for each special warrant held. Each unit will be comprised of one common share of and one-half of one common share purchase warrant .Each Warrant will entitle the holder to purchase one common Share at an exercise price of CAD 4.75 for a period of 36 months from the date of closing. All securities issued will be subject to a four months hold period from the date of issue. The transaction involved participation from 191 placees including Teri Conrad Consulting through Terry Johnson, Director, for 61,983 warrants. TSX Venture Exchange has accepted the filing for the transaction. The company paid finder's fee of CAD 590,966.11 to PI Financial Corp., CAD 178,418.40 to Canaccord Genuity Corp, and CAD 178,418.40 to GMP Securities L.P.