On January 13, 2017, Montan Mining Corp. (TSXV:MNY) closed the transaction. The company issued 3,100,000 units and received CAD 155,000 in its third tranche closing. The company issued 20,611,387 units and received aggregate gross proceeds of CAD 1,030,569 in the transaction. The transaction included participation from Sam Wong and Greg Hall for 200,000 units, Ian Graham for 355,000 units, returning investor, Palisade Global Investments Ltd for 2,500,000 units, which is 6.46% stake in the company, professional group of 4 placees for 1,300,000 units. Palisade Global Investments Ltd now holds total of 2,500,000 shares and 6,712,500 warrants, representing approximately 13.0% of the issued and outstanding common shares. The transaction is subject to regulatory approval. The company paid total finder's fees of CAD 5,250 in cash, including CAD 1,750 to Leede Jones Gable, CAD 2,800 to Canaccord Genuity Corp., and CAD 700 to Mackie Research Capital Corporation. The securities issued are subject to a hold period of four months from the date of issuance.