On January 19, 2017, New Carolin Gold Corp. (TSXV:LAD) closed the transaction. The company issued 7,261,000 units for gross proceeds of CAD 508,270. The company paid finder's fee of CAD 19,821 and issued up to 8% finder’s warrants totaling 455,160 warrants. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Chief Financial Officer subscribed for 153,800 shares, Robert Lunde subscribed for 224,000 shares, and professional group subscribed for 4,475,000 shares in the transaction. Qwest Investment Fund Management Ltd., Leede Jones Gable Inc, and EMD Financial Inc. acted as finders to the company and received finder's fee of CAD 56,350, CAD 7,781, and CAD 12,040, and issued finder's warrants of 376,25, 111,160, and 344,000.