On January 10, 2018, HashChain Technology Inc. (TSXV:KASH) closed the transaction. The company issued 14,148,508 units for gross proceeds of CAD 29,711,867 in the transaction. Out of the total units issued, 12,397,661 units were issued through underwriters and 1,750,847 units directly to subscribers from the President's list. The transaction included the partial exercise of underwriter’s option to purchase additional units of the company prior to the closing. The company paid a cash fee of CAD 1,602,105 and 763,192 compensation warrants. Each compensation warrant is exercisable to acquire one common share at a price of CAD 2.10 per share for a period of 24 months following the closing date. The securities issued are subject to a hold period of four months from the date of closing. The company received CAD 341,354 pursuant to exemption provided under Regulation D.