On January 12, 2017, the company closed the transaction. The company has issued 576,777 units to Sentient Global Resources Fund IV, L.P. and 610,374 units to Incor Energy Materials Limited for gross proceeds of CAD 1,163,407 in the second and final tranche. The common shares sold are subject to a four month hold period, which under applicable Canadian securities laws. Post the completion of this tranche of the Offering, Sentient Global Resources Fund IV, LP and InCoR Energy Metals Limited will own 80.5%and 6.5% respectively.