On November 19, 2015, Peat Resources Ltd. closed the oversubscribed transaction. The company issued 30,000,000 common shares for gross proceeds of CAD 300,000 in the transaction. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

15 placees participated in the transaction including Patricia G. Mannard, Interim Chief Executive Officer of the company, subscribed for 1,000,000 shares, Samuel Peralta subscribed for 1,000,000 shares, 2329874 Ontario Inc. subscribed for 1,000,000 shares, Robert T. Wright subscribed for 4,000,000 shares, John Allen subscribed for 500,000 shares, and Scott Allen subscribed for 500,000 shares. The company paid cash commission of CAD 23,850 and 2,650,000 agent warrants in the transaction to IBK Capital Inc. and NBCN Inc. Each agent warrant is exercisable into one common share at a price of CAD 0.05 for a period of five years.