On January 31, 2018, Parlane Resource Corp. (TSXV:PPP) closed the transaction. The company issued 5,100,000 subscription receipts at a price of CAD 0.15 for gross proceeds of CAD 765,000. Should Exchange approval not be received within four months and a day following closing, all subscription proceeds will be returned to the receipt holders. The company paid a finder’s fees to Canaccord Genuity Corp. in the form of a cash payment of CAD 41,849.95 and 278,699 brokers’ warrants. All securities issued are subject to a hold period of four months and one day in accordance with the rules and policies of the Exchange and applicable Canadian securities laws. The transaction is subject to shareholder approval.