On January 6, 2017, Renoworks Software Inc. (TSXV:RW) closed the transaction. The company issued 3,684,966 units for gross proceeds of CAD 1,105,489.80. The company announced that it will received approval from TSX Venture Exchange with respect to the transaction. The transaction will involve participation from 57 placees including three places from professionals’ group for 136,000 units. The company paid finder’s fees of CAD 5,250 and issued 17,500 warrants to Mackie Research Capital Corporation, CAD 2,694 and issued 88,981 warrants to Raymond James Ltd., 191,800 units and 191,800 broker warrants payable to Canaccord Genuity Corp.