On November 28, 2017, Engagement Labs Inc. (TSXV:EL) closed the transaction. The transaction included participation from directors, officers and a major shareholder for CAD 935,000. The securities issued are subject to a four month hold period which expires March 23, 2018. TSX Venture Exchange has accepted for filing the documentation with respect to the transaction. The transaction included participation from a total of 31 placees, including G. Scott Paterson for 1,600,000 shares, Gilman J. Anderson for 1,275,000 shares, Edward B. Keller for 1,275,000 shares, Robert N. Spiegel for 200,000 shares, and Cédric de Saint-Léger for 100,000 shares and existing investor, Loeb Holding Corporation for 12,750,000 units at a price of CAD 0.05 per unit for proceeds of CAD 637,500. Up on completion of the transaction Loeb Holding Corporation now held 13,193,347 common shares of the company equals to 9.42% stake.