On October 30, 2009, Armistice Resources Corp. (TSX: AZ) announced that it had closed the second and final tranche of its previously announced private placement. The first tranche closed on September 29, 2009, raising gross proceeds of $1,172,396.64 through the sale of units and flow-through units of the Corporation. The second tranche of the private placement raised gross proceeds of $349,999.95 through the sale of flow-through units. Armistice is a Canadian exploration company that owns the McGarry Mine at Virginiatown in North-eastern Ontario. Armistice intends to use the net proceeds of the sale of flow-through units for exploration at its McGarry project. Armistice was advised in this transaction by Michael Bourassa and Alex Nikolic (corporate/securities) and William Bies (tax) of Fasken Martineau.