On January 24, 2017, Oyster Oil and Gas Ltd. (TSXV:OY) closed the transaction. The company announced TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from five places including Founder, Chief Executive Officer, President and Director Michael Wood has subscribed 250,000 shares, Gregory G. Turnbull has subscribed 100,000 shares, and Don Sharpe has subscribed 100,000 shares.

The company has paid finder's fees of CAD 4,250 and issued 8,500 finder's warrants to VSA Capital Limited. Each warrant is exercisable in one common share at CAD 0.40 until May 10, 2019.