On May 13, 2016, Sunset Pacific Petroleum Ltd closed the transaction. The company issued 4,016,000 units for gross proceeds of CAD 200,800 in the transaction. The securities issued are subject to hold period till September 14, 2016. No finder’s fee was paid. TSXV exchange has accepted filing documentation with respect to the transaction. The transaction will involve participation from nine investors including Albert Raponi, Chief Executive Officer, for 300,000 shares.