On May 12, 2017, Cardiff Energy Corp. (TSXV:CRS) closed the transaction. The company issued 6,401,538 units for gross proceeds of CAD 416,099.97. The warrants will expire on May 12, 2019. The company issued 401,538 units for gross proceeds of CAD 26,099.97 in last tranche of the transaction. The company announced that it has received approval from TSX Venture Exchange with respect to the transaction. The transaction involved participation from 19 placees including one placee from professionals’ group for 400,000 shares. Jatinder Bal, Chief Executive Officer, President and Director of the company has subscribed 1,000,000 shares, Greg Campbell, Chief Financial Officer, of the company has subscribed 600,000 shares, 3 Stones Exploration Inc. has subscribed 253,846 shares, Steve Froese, Director of the company has subscribed 307,692 shares. The company paid finder's fee of CAD 2,600 to Canaccord Genuity Corp, CAD 2,392 to Leed Jones Gable Inc., and CAD 4,160 to PI Financial Corp.