On January 15, 2018, Razor Energy Corp. (TSXV:RZE) closed the transaction. The company amended the terms of the conditions on the same day. The company announced that it has secured an increase of CAD 15 million in its existing non-revolving term loan facility. The principal continues to be due in January, 2021 with an interest rate of 10%, payable semi-annually. As consideration for the amended term loan facility, 255,600 common shares of the company have been issued to the lender.