On November 28, 2016 Xylitol Canada Inc. (TSXV:XYL) closed the transaction. The company received CAD 477,000 in its additional tranche. The company raised CAD 1,557,000 on the transaction.

The company paid CAD 23,850 in finders' fees and issued 238,500 finders' warrants to Fountain Asset Corp. (TSXV:FA), each such warrant being exercisable for one common share for a period of 2 years and an exercise price of CAD 0.08 per share.