The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced March 30, 2017, and April 6, 2017.
Number of shares: 27,727,350 shares
Purchase price: 66 cents per share
Warrants: 27,727,350 share purchase warrants to purchase 27,727,350 shares
Warrant exercise price: 90 cents for a two-year period
Number of placees: 47 placees
Insider: Ronan Sabo-Walsh, 7,575
Total pro group involvement: 26,000 (one placee)
Agents' fees: Red Cloud Klondike Strike Inc., $702,000.16 cash and 1,063,637 broker warrants;
Haywood Securities Inc., $175,500.04 cash and 265,909 broker warrants
(Each broker warrant is exercisable into one common share at 66 cents until May 4, 2019.)
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