On January 4, 2019, Providence Gold Mines Inc. (TSXV:PHD) closed the transaction. The company issued 1,858,666 units for gross proceeds of CAD 223,039,92 in its second tranche closing. The transaction included participation from 33 placees and insiders of the company including David Eaton for 416,000 shares, Ronald Coombes for 150,000, Pro Group Involvement for 50,000. The company paid finder’s fees of 173,840 shares and 173,840 non-transferable warrants to Mackie Research Capital Corporation; The company paid finder’s fees of CAD 403.20 and 3,360 warrants non-transferable warrants, each exercisable for one share to Echelon Wealth Partners Inc. and CAD 5,119.68 and 42,664 warrants non-transferable warrants, each exercisable for one share at a price of CAD 0.15 for two years to OS Media Ltd.