On February 16, 2018, Sage Gold Inc. (TSXV:SGX) closed the transaction. The company received CAD 430,620 in its fourth and final tranche close. The company amended the terms of the transaction. The company issued a total of 21,179,042 units for aggregate amount of CAD 2,329,695 in the transaction. The fourth tranche involved participation from Chancery Asset Management Pte. Ltd. for 325,454 units. The company has received a late subscription for 272,727 units, thereby increasing the number of units issued in the transaction to 21,451,769 and the overall gross proceeds of the transaction to CAD 2,359,694.87.