On January 3, 2017, Valterra Resource Corporation (TSXV:VQA) closed the transaction. The company issued 5,630,215 units for gross proceeds of CAD 281,510. All securities will be subject to a hold period expiring April 30, 2017, which is four months and one day following the closing. The transaction involved participation from 15 placees. The company has received approval from TSX Venture Exchange with respect to this transaction. Returning investor, Lawrence Page Q.C. Law Corporation acquired 1,000,000 units in the transaction and owns and controls 5,688,183 shares, 2,900,000 warrants representing approximately 9.1% of the outstanding shares. The company paid finder's fees of CAD 4,000 cash and issued 80,000 warrants to Haywood Securities Inc., and 1,280 cash and issued 25,600 warrants to PI Financial Corp. Each finder's warrant is exercisable into one non flow-through common share of the company at a price of CAD 0.10 per share for a period of five years from closing.