On October 4, 2017, Goldbank Mining Corporation (TSXV:GLB) closed the transaction. The company has amended the terms of the transaction and issued 3,675,000 units on flow-through basis of the 10,000,000 units. Each flow-through warrant will entitle the holder to purchase one additional flow-through common share at a price of CAD 0.18 per share for a period of three years from the date of closing. The transaction included participation from Mr. Anthony Beruschi for CAD300,000 for 2,500,000 units and the insiders have subscribed for 5,200,000 units for proceeds of CAD 624,000 in the transaction. The board of directors have approved the transaction. The securities issued are subject to a hold period of four months until February 5, 2018.