The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement for Aurora Solar Technologies Inc. announced June 9, 2015:
Number of shares: 6,280,833 shares
Purchase price: 30 cents per share
Warrants: 3,140,416 share purchase warrants to purchase 3,140,416 shares
Warrant exercise price: 45 cents for a three-year period; the warrants are subject to an accelerated exercise provision in the event the closing price of the company's shares is greater than 60 cents for 20 consecutive trading days
Placees: 78
Insider: D. Grant Macdonald 100,000 shares
Pro group involvement: 721,000
(14 placees)
Agents' fees: Euro Pacific Canada Inc. will receive $28,454.99 and 94,850 warrants that are exercisable into common shares at 30 cents per share for a two-year period.
Canaccord Genuity Corp. will receive $1,800 and 6,000 warrants that are exercisable into common shares at 30 cents per share for a two-year period.
Haywood Securities Inc. will receive $1,800 and 6,000 warrants that are exercisable into common shares at 30 cents per share for a two-year period.
Leede Financial markets Inc. will receive $63,000 and 210,000 warrants that are exercisable into common shares at 30 cents per share for a two-year period.
Aran Asset Management SA will receive $18,000 and 60,000 warrants that are exercisable into common shares at 30 cents per share for a two-year period.
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