On January 19, 2018, Good Life Networks Inc. closed the transaction. The company issued 141,321,044 subscription receipts at a price of CAD 0.0651 per subscription receipt for aggregate gross proceeds of approximately CAD 9,200,000. All securities issued pursuant to the transaction are subject to a statutory hold period of four months and a day from the closing of the transaction. Pursuant to the agency agreement, the agents, in connection with the transaction, will receive a cash commission equal to 7% of the aggregate gross proceeds raised under the transaction and non-transferable compensation options equal to 7% of the aggregate number of subscription receipts issued. The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction saw participation from Greg Phillips for 30,172 subscription receipts.