On January 11, 2017, Golden Reign Resources Ltd. (TSXV:GRR) closed the transaction. The company has issued 12,716,605 shares for gross proceeds of CAD 2,797,653 in its second and final tranche. The company has issued total of 19,898,180 shares for gross proceeds of CAD 4,377,599. The company has paid the finder’s fee of CAD 107,761 and 517,326 warrants. The second tranche of the transaction and payment of the finder’s fees have been accepted by the TSX Venture Exchange. The company has paid the finder’s fee of CAD 8,748.22 and issued 26,282 warrants to Beacon Securities Limited, CAD 9,115.06 and issued 14,316 warrants to PI Financial Corp, CAD 599.28 and issued 2,800 warrants to Canaccord Genuity Corp, CAD 528 and issued 2,800 warrants to Haywood Securities, Inc., CAD 85,800 and issued 2,800 warrants to Blackbridge Capital Mgmt Corp, issued 227,500 warrants to Danny Hrushewsky, and CAD 2,970 and 15,750 warrants to Don Weinert.