On March 18, 2016, Natcore Technology Inc. closed the transaction. The company has issued 2,244,497 units for gross proceeds of CAD 808,019. The company paid finder's fees CAD 8,442 and issued 23,450 warrants. The warrants will mature on March 17, 2019. The securities issued are subject to a hold period in Canada expiring on July 18, 2016. The minimum investment accepted from any outside investor is CAD 24, 459 ($18,750). The company issued securities pursuant to exemption provided under Regulation D. The transaction included participation from seven investors. The conversion was made through www.oanda.com on March 18, 2016.

TSX Venture exchange has accepted the filing documentation with respect to transaction. The transaction involved participation from 13 placces.