On January 10, 2017, Subscribe Technologies Inc. (CNSX:SYC) closed the transaction. The company issued 3,200,000 shares in its second tranche for the gross proceeds of CAD 96,000. The company has raised total of CAD 297,000 in the transaction. The company paid finder’s fees of CAD 6,000 and issued 200,000 share purchase warrants. Each finder’s warrant entitles the holder to purchase a common share at a price of CAD 0.10 per share on or before December 29, 2021, subject to an accelerated expiry provision. The shares issued pursuant to the transaction and any shares to be issued on the exercise of the finder’s warrants are restricted from trading until April 30, 2017.