On April 6, 2017, Tiger Reef, Inc. (OTCPK:TGRR) closed the tranaction. The company announced that it has received $74,500 in its transaction. The company received $34,500 to subscribe for note worth $37,000 from Crown Bridge Partners, LLC and $40,000 to subscribe for note worth $42,500 from EMA Financial, LLC in this tranche. The note was issued at a discount of $2,500. The company paid legal fees amounting to $3,500 in connection with the first tranche closing, including $1,500 for the note issued to Crown Bridge Partners, LLC and $2,000 for the note issued to EMA Financial, LLC.