On January 4, 2018, Alto Ventures Ltd. (TSXV:ATV) closed the transaction. The company issued 2,537,500 units at a price of CAD 0.08 per unit for gross proceeds of CAD 203,000. Each warrant is exercisable into one additional common share for a period of 30 months expiring until June 27, 2020. The Company paid CAD 14,210 cash commission and issued 177,625 warrants to finders. The finder’s warrants are exercisable until December 27, 2018. The securities issued are subject to hold period until April 28, 2018.