On January 13, 2017, Prophecy Development Corp. (TSX:PCY) closed the transaction. The company issued 49,999 units and received CAD 149,997 in the transaction. The company paid finder's fees of CAD 8,000 including $1,524 (CAD 1,999.56) to Haywood Securities Inc. in the transaction. John Lee, Executive Chairman and Chief Executive Officer acquired 300,000 shares and now beneficially owns and exercises control over an aggregate of 995,253 shares representing an interest of approximately 19.12% of the company's currently issued and outstanding shares. The company received $29,719 (CAD 38,992.8) from three investors pursuant to exemption provided under Regulation D. The conversion was made through www.oanda.com as on January 13, 2017.