On January 23, 2017, Appia Energy Corp. (CNSX:API) closed the transaction. The company has issued 5,000,000 units for the gross proceeds of CAD 1,000,000 in the transaction. The company paid finder's fee of CAD 57,500 to eligible finders. The company issued the securities pursuant to exemption provided under Regulation D for CAD 320,000. The transaction included participation from eight investors. The securities issued are subject to a hold period expiring on May 21, 2017. Initially, the company intended to raise final tranche of additional 405,000 working capital units for gross proceeds of CAD 81,000 on January 30, 2017. The company would have paid CAD 5,000 to an eligible finder in the final tranche.