On September 8, 2016, Edgewater Exploration Ltd. (TSXV:EDW) closed the transaction. The transaction involved participation from 23 placees including four places from professionals' group for 4,600,000 units. The transaction involved participation from Douglas B. Forster, Director for 500,000 units, existing investor, Quarry Capital Corporation for 3,500,000 units and Blayne Barry Johnson, Director for 4,000,000 units, Blayne Barry Johnson, Director, for 4,000,000 units, Edward Charles Farrauto, Chief Financial Officer, for 1,000,000 units, Ryan C. King, Vice President, for 400,000 units, Wayne Kent Lee, Director, for 200,000 units, George Gregory Salamis, Chief Executive Officer, for 400,000 units, Gregory F. Smith, Vice-President, for 200,000 units, and Michael Vint, Director, for 500,000 units. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.