On January 11, 2018, GFG Resources Inc (TSXV:GFG) closed the transaction. The company issued 5,490,000 non-flow through units at a price of CAD 0.50 per unit for gross proceeds of CAD 2,745,000 in the second tranche and final tranche of the transaction. The company issued 5,460,555 flow-through common shares at a price of CAD 0.55 per share for gross proceeds of CAD 3,003,305 and 7,940,000 non-flows through units at a price of CAD 0.50 per unit for gross proceeds of CAD 3,970,000 in the transaction till date.

The tranche included participation from existing investor, Probe Metals Inc. for 300,000 units at a price of CAD 0.50 per unit for an aggregate proceeds of CAD 300,000 in the tranche.