On January 5, 2018, Belvedere Resources Ltd. (TSXV:BEL) closed the transaction. The company paid a finder’s fee to Smaller Company Capital Ltd. in the form of 208,333 common shares, an amount equals to 5% of the total issued common shares under the transaction, as well as an agent’s warrants to acquire up to 208,333 common shares at a price of CAD 0.06 per share for a period of 12 months from the date of issuance.