On January 19, 2018, Goldsource Mines Inc. (TSXV:GXS) closed the transaction. The company issued 36,418,000 units for the gross proceeds of CAD 1,820,900. The warrant can be exercise until January 18, 2020. The securities issued are subject to a hold period that expires on May 19, 2018. The company expects to pay finder's fees of CAD 31,830 in cash and by issue of 240,000 units. The company has received $321,388 (CAD 399,999.5048) from 10 investors pursuant to exemption provided under Regulation D.