On January 26, 2017, Mosaic Capital Corporation (TSXV:M) closed the transaction. The securities issued and 17,026,106 common shares to be issued upon exercise of warrants are subject to a hold period of four months from the date of issuance. The debentures mature on January 26, 2024, the preferred securities are not redeemable before January 26, 2022 and the warrants will mature until January 26, 2024.

The transaction involved participation from four investors. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.