On April 30, 2018, Clarocity Corporation (TSXV:CLY) closed the transaction. The company received CAD 1,100,000 in the fourth and final tranche. The company received gross proceeds of CAD 3,850,000 in the transaction. The company issued 1,155,000 common share purchase warrants in the fourth tranche. Each warrant entitles the holder thereof to purchase one common share in the capital of the company at CAD 0.10 per common share, exercisable until November 14, 2018.