On April 28, 2016, Cyprium Mining Corporation closed the transaction. The company has issued 2,300,000 units and received CAD 149,500 in its second tranche. The company has raised CAD 532,350 in funding in the transaction. The company paid finder's fee of 8% of the total gross proceeds of the second tranche and issued finder's warrant equivalent to 8% of the total number of units issued. The transaction involved participation from 21 placees including Fiducie Familiale Alain Lambert, an entity managed by Alain Lambert, Chief Executive Officer of the company has subscribed for 166,770 common shares for gross proceeds of CAD 10,840. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

The company has paid finder's fee of CAD 12,636 and issued 194,400 non-brokered warrants to Falknis Wealth Management AG.