On March 16, 2018, Explor Resources Inc. (TSXV:EXS) closed the transaction. The company issued 1,157,143 units, 128,571 flow-through units and issued 642,857 warrants for gross proceeds of CAD 90,000 in its second tranche. The securities issued pursuant to the second closing of the private placement are subject to a hold period of four months and a day ending July 17, 2018. The company has issued 1,328,572 units and 1,671,428 flow-through units for aggregate gross proceeds of CAD 210,000 in the transaction.