On December 11, 2015, Synodon, Inc. closed the transaction. The company issued 31,879,260 units for CAD 1,593,963.5 in the transaction from 12 investors. The warrants will expire on December 11, 2018.

The warrants are subject to hold period expiring on April 12, 2016. In connection with the transaction, the company paid finder's fees of CAD 29,200 and issued 584,000 warrants. The company received proceeds of CAD 1,036,296.5415 pursuant to exemption provided under Regulation D. TSX Venture Exchange has accepted for filing documentation with the transaction.

The transaction included participation from 36 placees. Raymond James Ltd., PI Financial Corp., and Haywood Securities Inc. acted as finders to the company and received finder's fee of CAD 20,000, CAD 6,700, and CAD 2,500, and issued 400,000 warrants, 134,000 warrants, 50,000 warrants respectively.