On January 23, 2018, Pacific Rim Cobalt Corp. (CNSX:BOLT) closed the transaction. The company issued 338,332 units for gross proceeds of CAD 257,349 in its second tranche. In total, the company issued 5,139,934 units for gross proceeds CAD 385,495. The company paid a cash commission of 1% with respect to the second tranche. The company has raised $8.1 million in equity financing till date.