On December 23, 2016, Cobaltech Mining Inc. (TSXV:CSK) closed the transaction. Each whole warrant will expire until December 23, 2017. The securities being issued will expire on April 24, 2016. The company paid finder’s fees of CAD 233,600, being 8% of the gross proceeds raised, and issued 1,168,000 non-transferable finders warrants .Each finders’ warrant entitles the holder to acquire one share at an exercise price of CAD 0.30 per share until December 23, 2017. The expiry date may be accelerated to the date that is 30 days following notice by news release, if the closing price has been greater than CAD 0.45 for any ten consecutive trading days for the expiry of the hold period. TSX Venture Exchange has accepted filing for the transaction. The transaction involved participation from 14 placees including aggregate pro group of one placee for 250,000 shares.