On January 16, 2017, Rotation Minerals Ltd. (TSXV:ROT) closed the transaction. The company issued 760,000 non-flow-through units for gross proceeds of CAD 190,000 in the transaction. The securities issues are subject to a hold period until May 25, 2017. On January 25, 2017, the company announced that it has received approval from TSX Venture Exchange. The transaction involved participation from five placees. Brad Rourke, Chief Executive Officer and President of the company has subscribed 320,000 shares.