On April 26, 2017, Midasco Capital Corp. (TSXV:MGC.H) closed the transaction. The company issued 2,500,000 units at a price of CAD 0.055 per unit for gross proceeds of CAD 137,500. All securities issued in connection are subject to a statutory four-month hold period ending August 27, 2017. The transaction included participation from 9 placees. Investors includes, Ryan E. S. K. Cheung; Chief Financial Officer, Corporate Secretary and Director subscribed for 109,091 shares , William C. Pettigrew for 139,309 shares, Burton Egger for 636,364 shares, William Pettigrew and Dustin Elford for 218,182 shares. The company announced the TSX Venture Exchange has accepted filing documentation with respect to the transaction.