On January 11, 2018, Bayhorse Silver Inc. (TSXV:BHS) closed the transaction. The company announced that it has amended the terms of the transaction and it will now receive CAD 1,500,000 instead of CAD 1,250,000. On the same day, the company issued 2,231,500 units for a gross proceeds of CAD 446,300 in its second tranche. On March 16, 2018, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company paid CAD 4,900 to Leede Jones Gable Inc., issued 24,500 shares and 24,500 warrants as finder's fees with respect to the transaction. The company has received CAD 175,000 in funding from 10 investors pursuant to Regulation D.