The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 12, 2019.
Number of shares: 15,804,012 shares
Purchase price: 30 cents per share
Warrants: 15,804,012 share purchase warrants to purchase 15,804,012 shares
Warrant initial exercise price: 40 cents
Warrant term to expiry: two years
Number of placees: 90 placees
Insiders: OMC Services Ltd. (Constance Norman), 33,000; Alfred Hills, 70,000; Brian McEwen, 100,000; Joseph Grosso, 1.3 million; Vinland Holdings Inc. (David Terry), 55,000; Louis Salley, 50,000; Constance Norman, 35,000
Total pro group involvement: 183,000 (two placees)
Finders' fees: Canaccord Genuity Corp., $7,230 cash and 20,100 warrants; Echelon Wealth Partners Inc., $2,100 cash and 7,000 warrants; Leede Jones Gable Inc., $4,200 cash and 14,000 warrants; Amandla SA, $11,489.31 cash and 38,298 warrants; Hugo Valenti, $4,200 cash and 14,000 warrants; Sprott Global Resource Investments Ltd., $17,500 cash and 58,333 warrants; Gerhard Merkel, $11,901.41 cash and 39,671 warrants; Raymond James Ltd., $1,470 cash and 4,900 warrants
Finder's warrant initial exercise price: 40 cents
Finder's warrant term to expiry: expire in two years, non-transferable
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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