On January 4, 2018, Forum Energy Metals Corp. (TSXV:FMC) closed the transaction. The company issued 3,950,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 316,000. The company paid finder’s fees of CAD 14,000 and issued 175,000 warrants at a price of CAD 0.08 until December 22, 2018. The securities issued in the transaction are subject to hold period expiring on April 23, 2018. Each warrant in the transaction is exercisable for one additional share for a period of 30 days expiring on June 22, 2020.