On January 17, 2019, Ely Gold Royalties Inc. (TSXV:ELY) closed the transaction. The company has issued 3,000,000 units for proceeds of CAD 330,000 in it's second tranche closing. The transaction included participation from 20 placees including Ron Husband for 122,500 units, Scott Kelly for 52,500 units, William M. Sheriff for 100,000 units, Clarence (Trey) Wasser for 225,000, and Thomas E. Wharton Jr. for 500,000 units. The company paid finder's fees in cash of CAD 1,320 and issued 10,000 non-transferable finder's warrants to PI Financial in it's second tranche closing. All the securities issued in the second tranche are subject to a hold period expiring on May 18, 2019. As a part of the transaction, Resource Capital Investment Corporation holds 9.74% of the issued and outstanding shares on a non-diluted basis, and 17.75% of the issued and outstanding shares on a partially diluted basis, of the company. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.