On January 17, 2018, Rainy Mountain Royalty Corp (TSXV:RMO) closed the transaction. The company issued 1,000,000 non-flow through units at a price of CAD 0.05 for gross proceeds of CAD 50,000.Each non-flow Unit consists of one non-flow through common share and one non-flow through share purchase warrant, with each warrant entitling the holder to purchase an additional non-flow through common share for a period of five years at an exercise price of CAD 0.07 and each flow through Unit consists of one flow through common share and one non-flow through share purchase warrant, with each warrant entitling the holder to purchase an additional non-flow through common share for a period of two years at an exercise price of CAD 0.10. All securities issued in the transaction are subject to a holding period expiring on May 18, 2018.