On July 4, 2017, Teras Resources Inc. (TSXV:TRA) closed the transaction. The company issued 13,483,750 units for gross proceeds of CAD 1,078,700 to 20 placees in the transaction. The securities issued are subject to hold period till October 31, 2017. The transaction included participation from individual investors John Batiuk, Michael Attaway, Dennis John LaPoint, and Kenneth Cunningham for 800 units each and Peter Leger for 8,000 units. The transaction involved participation from officers and directors for 140,000 units. The TSX Venture Exchange has accepted for filing documentation for the transaction.