On January 18, 2019, IMPACT Silver Corp. (TSXV:IPT) closed the transaction. The transaction was over subscribed and company received a total of CAD 1,742,378.31 in the transaction. The company received CAD 1,193,873.31 in its second and final tranche from the issue of 4,421,753 units. All securities issued in this tranche are subject to a standard hold period of four months and one day, expiring on May 19, 2019. The company received total funding from five investors. The company paid finders a cash commission equal to up to 6% of the gross proceeds. The transaction included participation from directors George Gorzynski for 237,000 units, Richard J. Mazur for 270,000 units, Robert W. Lishman for 70,000 units, and Victor Tanaka for 50,000 units. The company paid finder's fee of CAD 11,032.20 to CM-Equity AG, CAD 16,499.99 to MAM Consulting, and CAD 8,100 to Michael Kachanovsky. The company accepted for filing documentation with respect to the transaction.