On January 3, 2017, Western Uranium Corporation (CNSX:WUC) closed the transaction. The company issued 100,000 units for the gross proceeds of CAD 120,000 in the second tranche. The company ahs issued a total of 1,010,950 units for the gross proceeds of CAD 1,213,140 in the transaction. The company expected to raise 1,213,140 in the transaction. The company paid CAD 48,331 in finders’ fees and 40,276 compensation warrants exercisable for five years, each warrant exercisable at CAD 2.80 for one common share.