On January 10, 2017, Relentless Resources Ltd (TSXV:RRL) closed the transaction. The company announced that it has received approval from TSX Venture Exchange with respect to the transaction. The transaction involved participation from 10 placees .William Macdonald, Director of the company has subscribed 1,333,333 units, Ike Kolias has subscribed 1,333,333 units, Ronald Peshke, President of the company has subscribed 1,333,333 units, Daniel Wilson, Chief Executive Officer of the company has subscribed 1,333,333 units, Hugh Thomson, Chief Financial Officer has subscribed 177,778 units, and Muarry Frame, Director of the company has subscribed 444,444 units.