On January 20, 2017, Sokoman Iron Corp. (TSXV:SIC) closed the transaction. The company issued 700,000 flow-through units for proceeds of CAD 35,000 and 5,660,000 non flow-through units for proceeds of CAD 283,000. The company paid finder's fee of CAD 19,040 to Redplug Capital Corp. in the transaction. The transaction involved participation from directors of the company for 300,000 units including Chief Financial Officer John Ryan for 200,000 units. The transaction involved participation from 9 placees. TSX Venture Exchange has accepted for filing documentation with respect to this transaction.