The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Jan. 28, 2019, Feb. 25, 2019, and March 6, 2019.
Number of shares: 22,709,622 shares
Purchase price: 55 cents per share
Warrants: 11,354,811 share purchase warrants to purchase 11,354,811 shares
Warrant exercise price: 90 cents for a two-year period
Number of placees: 221 placees
Insiders: Norton Singhavon, 280,869;
Seatrend Strategy Group (Jeremy Wright), 200,000;
David Lynn, 20,000;
Aaron Dow, 73,000;
Michael Blady, 500,000
Agents' fees: Sprott Capital Partners LP, $287, 650.41 cash and 432,607 broker's warrants;
Richardson GMP Ltd., $251,272.54 cash and 658,291 broker's warrants;
Mackie Research Capital Corp., 4,650 broker's warrants;
Canaccord Genuity Corp., 1,110 broker's warrants;
Leede Jones Gable Inc., 120 broker's warrants;
Haywood Securities Inc., 7,710 broker's warrants
(Each non-transferable broker's warrant is exercisable to acquire one unit at a price of 55 cents for a period of two years. Each unit carries the same terms as the offering.)
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