On September 6, 2016, Discovery-Corp Enterprises Inc. (TSXV:DCY) closed the transaction. The transaction was oversubscribed and the company issued 9,000,000 units for the gross proceeds of CAD 270,000. The warrants issued can be exercised until September 6, 2019. The transaction involved participation from eight placees including Iain Brown, Chief Financial Officer, for 1,630,000 units. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The securities issued are subject to hold period expiring on January 7, 2017.