On December 5, 2017, Edgewater Exploration Ltd. (TSXV:EDW.H) closed the transaction. Insiders of the company have subscribed units in the transaction. Douglas Forster, a director of the company purchased 1,875,000 units. Douglas Forster holds, directly and indirectly, 4,597,562 common shares representing approximately 11.89% of the outstanding common shares of the company, 3,500,000 common share purchase warrants and 62,500 options to purchase common shares, that, if exercised, would result in Forster holding approximately 19.32% of the company’s then issued and outstanding common shares, assuming no other common shares of the company are issued. Blayne Johnson, a director of the company purchased 1,875,000 units. Douglas Forster holds, directly and indirectly, 4,434,687 common shares representing approximately 11.47% of the outstanding common shares of the company, 3,375,000 common share purchase warrants and 62,500 options to purchase common shares, that, if exercised, would result in Forster holding approximately 18.69% of the company’s then issued and outstanding common shares, assuming no other common shares of the company are issued. TSX Venture Exchange has accepted for filing documentation with the transaction. The transaction included participation from 20 placees. Gladstone Capital Corporation (NasdaqGS:GLAD), a fund managed by Gladstone Management Corporation acquired 75,000 shares, Edward Farrauto, Chief Financial Officer of the company acquired 450,000 shares, Blayne Johnson acquired 1,875,000 shares, aggregate professional group acquired 1,760,400 shares.