On January 19, 2017, BacTech Environmental Corporation (OTCPK:BCCE.F) closed the transaction. The company has issued 1,350,000 units for the gross proceeds of CAD 67,500. The company has raised total of CAD 167,500 in the transaction. The company expects to close third tranche within two weeks. The company is expecting gross proceeds may reach as much as CAD 300,000.