The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 22, 2016, Jan. 6, 2017, and May 10, 2017.
Securities: 2,042 units, consisting of a five-year note in the principal amount of $1,000, bearing interest at a rate of 10 per cent per annum, payable semi-annually, 1,500 common shares and 1,500 share purchase warrants
Purchase price: $900 per unit
Warrants: 3,063,000 share purchase warrants to purchase 3,063,000 shares
Warrant exercise price: 10 cents for a five-year period
Number of placees: 11 placees
Insiders: 2349809 Ontario Ltd., 67,500;
Irwin Lowy LLP (Chris Irwin), 22,500
Total pro group involvement: 168,000 (one placee)
Finders' fees: Canaccord Genuity Corp. receives $6,048 and 10,080 non-transferable warrants, each exercisable at a price of 10 cents for five years.
Ali Zamani receives $6,480 and 13,500 non-transferable warrants, each exercisable at a price of 10 cents for five years.
Jones, Gable & Company Ltd. receives $21,600 and 36,000 non-transferable warrants, each exercisable at a price of 10 cents for five years.
Haywood Securities Inc. receives $540 and 900 non-transferable warrants, each exercisable at a price of 10 cents for five years.
Industrial Alliance Securities Inc. receives $21,600 and 36,000 non-transferable warrants, each exercisable at a price of 10 cents for five years.
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