The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 25, 2016.
Flow-through (FT) shares
Number of FT shares: 6.55 million flow-through shares
Purchase price: eight cents per flow-through share
Warrants: 3,275,000 share purchase warrants to purchase 3,275,000 shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Non-flow-through (NFT) shares
Number of NFT shares: 6,635,206 non-flow-through shares
Purchase price: eight cents per non-flow-through share
Warrants: 6,635,206 share purchase warrants to purchase 6,635,206 shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Number of placees: 19 placees
Insider: Farshad Shirvani, 1,062,500
Finder's fee: EMD Financial Inc., 281,250 shares and option for the purchase of 281,250 units of Doubleview Capital Corp. at a purchase price per unit of 10 cents (Each unit shall consist of one common share of the company and one share purchase warrant exercisable at a price of 15 cents at any time up to the close of business on Oct. 31, 2018.);
Canaccord Genuity Corp., $15,680 cash and 196,000 warrants;
Foster & Associates, $7,000 cash and 87,500 warrants
Finder's warrant initial exercise price: 15 cents
Finder's warrant term to expiry: exercisable on or before two years from the date of issuance
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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