On December 27, 2017, Explor Resources Inc. (TSXV:EXS) closed the transaction. The company issued 31,429 common shares, 282,587 flow through shares and 157,143 warrants in its second and final tranche close. The company did not pay any finders fee in connection with the second tranche. The securities issued in the second tranche are subject to a hold period expiring April 28, 2018. The transaction was undersubscribed.