The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Sept. 20, 2017.
Number of shares: 2.65 million shares
Purchase price: five cents per share
Warrants: 2.65 million share purchase warrants to purchase 2.65 million shares
Warrant exercise price: 10 cents for a two-year period
Number of placees: 12 placees
Insider: Gary Musil, 400,000
Total pro group involvement: 200,000 (one placee)
Finders' fees: Haywood Securities Inc., $3,200 cash and 78,000 broker's warrants, exercisable for a period of two years at a price of 10 cents per share;
Mackie Research Capital Corp., 14,000 broker's warrants, exercisable for a period of two years at a price of 10 cents per share
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