On December 29, 2017, BWR Exploration Inc. (TSXV:BWR closed the transaction. The company has issued 1,000,000 flow-through shares for gross proceeds of CAD 100,000 in its second tranche closing. The company has raised aggregate gross proceeds of CAD 677,850 in the transaction. In connection with the transaction, the company has paid finder’s fees in an amount of CAD 31,492 and issued 370,000 finder’s warrants. Each finder’s warrant entitles the holder thereof to purchase one unit of the company at a price of CAD 0.10 per unit for a period of 24 months from the date of issuance. One insider participated in the transaction subscribing for 860,000 units for net proceeds to the company of CAD 60,200. All securities issued have a hold period of 4 months plus one day, which expires on April 23, 2018 for the first tranche closing and April 30, 2018 for the second tranche closing.