On September 26, 2017, Oceanic Iron Ore Corp. closed the transaction. The company received $810,000 in the transaction. The company announced that the transaction involved participation from insiders, including The Radcliffe Corporation for 5,000,000 shares, Sirocco Advisory Services Ltd. for 825,000 shares, Gordon Keep for 1,250,000 shares, Chris Batalha for 550,000 shares.