The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Nov. 28, 2012.
Shares: 7,208,890
Price: 45 cents
Warrants: 3,604,442 share purchase warrants to purchase 3,604,442 shares
Exercise price: 50 cents for a two-year period
Placees: 25
Pro groups: Jennifer Swedberg 20,000;
Lowell Schmidt 200,000;
Donato Sferra 100,000;
Vito Rizzuto 25,000;
R. Ron d'Ambrosio 50,000;
James Christodoulis 150,000; Clarus Securities Inc. 150,000
Finders' fees: $11,700 cash and 26,000 warrants payable to Macquarie Private Wealth Inc.;
$273,333 units and 273,333 warrants payable to PowerOne Capital Market Ltd.; units are under the same terms as those to be issued pursuant to the private placement and the warrants are exercisable at 50 cents per share for two years
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