The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement.
Number of shares: 2.69 million common shares
Purchase price: 7.5 cents per common share
Warrants: 1,345,000 warrants to purchase 1,345,000 common shares
Warrant exercise price: 10 cents for 24 months following the closing date of the private placement
Number of placees: 11 placees
Insiders: Renaud Hinse, 10,000;
Normand Hinse, 670,000
Finders' fees: Laurentian Bank Securities Inc. and Marquest Capital Markets Inc. received an aggregate of $2,475 in cash and 26,400 non-transferable warrants to purchase 26,400 common shares at an exercise price 10 cents per share during a period of 24 months following the closing date of the private placement.
The company has confirmed the closing of the above-mentioned private placement by way of a press release dated Dec. 22, 2017.
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