The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 31, 2017, Feb. 3, 2017, and Feb. 8, 2017.
Number of shares: 7,915,000 shares
Purchase price: five cents per share
Warrants: 7,915,000 share purchase warrants to purchase 7,915,000 shares
Warrant initial exercise price: 10
cents
Warrant term to expiry: two years
Number of placees: 26 placees
Insider: InvestorIntel Corp. (Tracy Wesloski), 600,000
shares
Aggregate pro group involvement: 520,000
shares (three placees)
Finders' fees: Haywood Securities Inc., $5,250 cash, 105,000 warrants; EMD Financial Inc., $13,700 cash, 171,250 shares, 171,250 warrants
Finder warrant initial exercise price: five 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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