On January 16, 2017, Goldbelt Empires Limited (TSXV:GBE) closed the transaction. The company amended the terms of the transaction. The company issued 3,100,000 units for gross proceeds of CAD 155,000 in last tranche of the transaction. The company issued 13,100,000 units for gross proceeds of CAD 655,000 in the transaction. The tranche involved participation from James Varanese, Chairman, Andrew Dacey, both for 1,100,000 units, Palisade Capital Corp., and one of its affiliated for 2,000,000 units.