On February 5, 2016, Natcore Technology Inc. closed the transaction. The company issued 273,058 units for gross proceeds of CAD 98,300.88 in the third and final tranche of the transaction. The company issued a total of 3,648,691 units for gross proceeds of CAD 1,313,528.76 in the transaction.

The securities issued in the final tranche are subject to a hold period in Canada expiring on June 6, 2016. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 22 placees.

The company paid finder's fee of CAD 25,200 and cash 70,000 warrants to Euro Pacific Canada and CAD 9,576 and 26,600 warrants to Canaccord Genuity Corp. The company has received CAD 285,149 from 12 investors pursuant to Regulation D. The minimum investment accepted from any outside investor is CAD 25,000.