On December 30, 2015, Crownia Holdings Ltd. (TSXV:CNH) closed the transaction. The company issued 4,437,240 shares for gross proceeds of CAD 2,218,620. The shares issued are subject to a hold period expiring on May 1, 2016.

TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 13 placees. No finder's fee was paid.