On December 21, 2016, Knick Exploration Inc (TSXV:KNX) closed the transaction. The company issued 1,300,000 units for the gross proceeds of CAD 65,000 and 4,028,300 flow-through shares for the gross proceeds of CAD 201,415 in its second tranche. The transaction included participation from 6 placees, including Jacques Brunelle, Chief Executive Officer of the company for 500,000 units. The company issued a total of 6,500,000 units and 16,758,300 common shares for the aggregate gross proceeds of CAD 1,162,915 in the transaction. The company paid finders fees of CAD 19,141 and issued 382,815 finder warrants in the second tranche.