Two things about the Closing
One is that an insider again put in his/her own money. Always a good sign, but not unexpected. They have, after all, already put in nearly $3 Million of their own money over the past year or so.
The second thing is interesting:
Spectra7 also announces that it has entered into an agreement pursuant to which the Company intends to issue 2,734,600 Units at a deemed price of $0.025 per Unit to settle in full $68,365 owing to an arm’s length party (the “Debt Settlement”).
This party to whom Spectra7 owed the money could have opted for cash payment (it is debt, after all), but they agreed to taking the 2.7 million shares instead. They didn't have to agree to that. Looks to me like someone who knows what's going on wants shares in the Comapny...