The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 13, 2015.
Number of shares: 8,012,200 shares
Purchase price: Five cents per share
Warrants: 8,012,200 share purchase warrants to purchase 8,012,200 shares
Warrant exercise price: Seven cents for a three-year period
Number of placees: 23 placees
Insiders: Martin Cooper, 200,000;
Toril Holdings Ltd. (Richard Cooper), 500,000;
Steven Rukavina, 250,000;
Alan Shefsky, 500,000;
John Wilkinson, 77,780;
Janis Peleshok, 142,420
Total pro group involvement: 500,000 (one placee)
Finder's fee: $1,400 in cash and 28,000 finder's warrants, payable to Arnold H. Rossen (Each finder's warrant entitles the holder to acquire one common share at five cents for a one-year period.)
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.
For further details, please refer to the company's news release dated April 13, 2015.
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