On March 2, 2016, Petromin Resources Ltd. (TSXV:PTR) closed the transaction. The company announced that it has issued 833,333 units for gross proceeds of CAD 25,000 in third tranche of the transaction. The company paid finder's fee of CAD 2,200 and issued 73,333 common shares to Wolverton Securities Ltd. The company has received CAD 115,188 in the transaction.

TSX Venture exchange has accepted filing with respect to the transaction. The transaction involved participation from 15 placees.