On January 13, 2017, Firesteel Resources Inc. (TSXV:FTR) closed the transaction. The company has issued 10,210,000 units for gross proceeds of CAD 510,500. Insiders of the company has subscribed 25% of the gross proceeds. The company paid finder’s fees of CAD 25,320 and 633,000 finder's warrants to Canaccord Genuity Corp. Each finder's warrant entitles the holder thereof to purchase one common share for a period of two years after the closing date of the offering at a price of CAD 0.15 per share, representing 10% of the gross proceeds received by the company from certain subscribers. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 28 placees. Michael Hepworth, Chief Executive Officer of the company subscribed for 1,600,000 shares, Basil Botha subscribed for 500,000 shares, and Clearline CPA subscribed for 400,000 shares. The transaction was oversubscribed.