The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement.
Shares: 20 million
Price: 10 cents
Warrants: 10 million warrants to purchase 10 million common shares
Exercise price: 15 cents per share for a two-year period
Finders' fees: CM-Equity, Powerone Capital Market Ltd., Helmut Finger and Simbelli GmbH collectively received $80,800 in cash and 808,000 non-transferable warrants to purchase 808,000 common shares at an exercise price of 15 cents for a two-year period.
The company issued a news release announcing the closing of the private placement on March 6, 2015.
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