On September 23, 2016, BRS Resources Ltd. closed the transaction. The transaction involved participation from seven placees including one placee from professionals' group for 500,000 units. The transaction involved participation from Steven D. Moore, Director, for 500,000 units, Michael D. Noonan, Chief Financial Officer, for 500,000 units, Byron K. Coulthard, Chairman, for 750,000 units, and Cyrus H. Driver, Director, for 250,000 units. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The securities issued will expire on January 23, 2017.