On August 26, 2015, Atlanta Gold Inc. closed the transaction. The convertible debentures are convertible at fixed conversion price of CAD 0.10 per share. The securities issued are subject to hold period expiring on December 27, 2015.

The convertible debentures are secured by limited recourse guarantees of its subsidiary, Atlanta Gold Corporation. The company paid finder's fee of 192,000 warrants to Golden Capital Consulting Ltd. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.10 at any time prior to April 1, 2018. TSX Venture Exchange has accepted filing with respect to the transaction.

The transaction included participation from 4 placees.