On January 23, 2017, RediShred Capital Corp. (TSXV:KUT) closed the transaction. The company issued 13,433,333 units for the gross proceeds of CAD 4, 030,000. Moray Tawse has acquired 6,666,666 common shares, representing 14.2% of the new total outstanding, and 1,000,000 warrants pursuant to the transaction. The company announced that TSX Venture Exchange has accepted filing documentation with respect to the transaction. The company issued units to 2 placees.