On January 22, 2016, Peruvian Precious Metals Corp. closed the transaction. The company issued 2,943,750 units for gross proceeds of CAD 294,375 in the second and final tranche of the transaction.

The company has issued units for aggregate gross proceeds of CAD 377,250 in the transaction. The warrants issued will expire on January 22, 2018. The securities issued are subject to a hold period expiring on May 23, 2016.