On May 4, 2018, Trueclaim Exploration Inc. (TSXV:TRM) closed the transaction. The transaction was oversubscribed. The company issued 32,606,800 units for the gross proceeds of CAD 3,260,680. The company paid finder's fees of CAD 236,900 in cash and issued 2,369,000 finder’s warrants to eligible finders. Canaccord Genuity Corp. received CAD 181,400 in cash and 1,814,000 warrants, Raymond James Ltd. received CAD 10,000 in cash and 100,000 warrants, Haywood Securities Inc. received CAD 10,500 and 105,000 warrants, and Industrial Alliance Securities Inc. received CAD 35,000 and 350,000 warrants. All warrants, including finder’s warrant entitles the holder thereof to acquire a common share of the company at a price of CAD 0.12 until May 3, 2023. The transaction involved participation from 112 placees, including fourteen from aggregate professionals' group for 3,148,720 shares. It also included participation from Bryon Coulthard, President, Chief Executive Officer and Director of the company, for 750,000 shares, Matthew Fish, Director of the company, for 200,000 shares, and Daniel Fuoco, Chief Financial Officer of the company, for 200,000 shares. All of the securities issued in connection with the transaction are subject to a hold period expiring on September 4, 2018. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.