On January 26, 2017, Identillect Technologies Corp. (TSXV:ID) closed the transaction. The company has issued 23,033,334 units for gross proceeds of CAD 1,382,000.04. The warrants issued can be exercisable until January 26, 2018. All securities issued in connection with the placement are subject to a hold period expiring May 27, 2017. The transaction included participation from 30 placees including Natgar Capital Corp. has acquired 850,000 units, Todd Sexton from Managerial Insights LLC has acquired 800,000 units and professional group has acquired 4,866,667 units. In connection with the transaction, the company paid cash commission totaling CAD 48,240 and issued 804,000 broker warrants to Haywood Securities Inc. Each broker warrant entitles the holder to acquire one common share, at a price of CAD 0.15 until January 26, 2018. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.