On January 13, 2017, Standard Lithium Ltd. (TSXV:SLL) closed the transaction. The company issued 20,000,600 shares in the transaction. The securities to be issued are subject to a hold period of four month expiring on expiring May 14, 2017. The transaction involved participation from 57 placees, including ten from professionals' group for 2,140,000 shares. The company has received approval from TSX Venture Exchange with respect to this transaction.