On January 6, 2016, Robix Environmental Technologies, Inc. (DB:R0X) closed the transaction. The company issued 2,015,238 units for gross proceeds of CAD 382,895.04. Robin Ray, the Chief Financial Officer and a director of the company, subscribed for 242,105 units and a company controlled by Wanda Cutler, a director of the company, subscribed for 26,316 units.

All securities issued in connection with the transaction are subject to a hold period that expires on May 7, 2016. The company amended the terms of transaction and intended to issue up to 2,026,316 units for gross proceeds of up to CAD 385,000. In connection with the transaction, the company paid finder's fees of CAD 3,990 and issued 21,000 finder's warrants.