The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 11, 2016.
Number of shares: 10,304,000 shares
Purchase price: five cents per share
Warrants: 10,304,000 share purchase warrants to purchase 10,304,000 shares
Warrant initial exercise price: 7.5 cents
Warrant term to expiry: one year
Number of placees: 33 placees
Aggregate pro group involvement: 700,000
shares (two placees)
Finders' fees: Haywood Securities Inc., $2,500 cash, 50,000 warrants; Canaccord Genuity Corp., $1,000 cash, 20,000 warrants; PI Financial Corp., $1,250 cash, 25,000 warrants; First Republic Capital Corp., $17,250 cash, 345,000 warrants, paid an additional $41.21 for courier expenses incurred
Finder warrant initial exercise price: 7.5 cents
Finder warrant term to expiry: 12 months
Note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.
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