On January 21, 2016, Avidus Management Group Inc. closed the transaction. The company issued 20,433,680 common shares for gross proceeds of CAD 1,532,526. The securities issued will be subject to a hold period expiring on May 23, 2016.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from six placees. The company issued securities pursuant to exemption provided under Regulation D.