The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 21, 2015.
Number of shares: 666,667 shares
Purchase price: 15 cents per share
Warrants: 333,333 share purchase warrants to purchase 333,333 shares (The warrants are subject to an accelerated exercise provision in the event the company's shares trade at 35 cents or greater for five consecutive trading days.)
Warrant exercise price: 20 cents for a two-year period
Number of placees: one placee
Finder's fee: Canaccord Genuity Corp. will receive $6,000 and 40,000 agent's warrants that are exercisable into common shares at 20 cents per share for a two-year period.
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