On January 19, 2017, McLaren Resources Inc. (CNSX:MCL) closed the transaction. The company has issued at total of 2,500,000 common share units and 3,500,000 flow through units for the gross proceeds of CAD 300,000. The company had amended the terms of the transaction to raise CAD 300,000 in funding in the transaction. The company paid finders fees of 280,000 common shares at a value of CAD 0.05 per share and also paid CAD 7,000 to McLaren.