On October 31, 2017, Traverse Energy Ltd. (TSXV:TVL) closed the transaction. The company has issued 1,087,000 shares for gross proceeds of CAD 500,020 in its second and final tranche closing. The transaction included participation from 54 placees, including David van der Lee; director of the company for 165,000 shares, Cathy Erickson for 36,000 shares, David Erickson; vice president, chief operating officer and director for 28,000 shares, Laurie Smith; chief executive officer, president and director for 250,000 shares, Shareon Supple; chief financial officer for 44,083 shares, Adam Wells; director for 50,000 shares, two from aggregate pro group for 140,000 shares, and new investor Ljs Investments Limited for 250,000 shares. The company paid finder’s fee of CAD 213,431 to Acumen Capital Finance Partners Limited and CAD 35,988 to Canaccord Genuity Inc in consideration for placing an aggregate of 9,036,917 shares under the private placement. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.