On January 3, 2017, Mount Dakota Energy Corp. (TSXV:MMO) closed the transaction. The company issued 3,747,500 common shares for gross proceeds of CAD299,800. The transaction involved participation from seven placees including Steve Loo, Chairman, for 1,100,000 common shares representing 18.92% of the issued and outstanding shares. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The securities issued are subject to a hold period expiring on May 5, 2017.