On January 16, 2016, Electra Stone Ltd. closed the transaction. The company issued an additional 1,820,000 units at CAD 0.083 per unit for proceeds of CAD 151,060 in final tranche. The company raised gross proceeds of CAD 501,060 in the transaction.

Existing investor Zimtu Capital Corp purchased 500,000 units in the transaction. The company paid finder's fee of CAD 8,764.80 and issued broker warrants exercisable into 105,600 common shares at a price of CAD 0.20 per share for a period of 24 months from the closing date. The company announced that TSX Venture Exchange has accepted filing documentation with respect to the transaction.

A total of eight investors participated in the transaction.