The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 26, 2017.
Flow-through (FT) shares
Number of FT shares: 730,000 flow-through shares
Purchase price: 12.5 cents per flow-through share
Non-flow-through (NFT) shares
Number of NFT shares: 3,115,000 non-flow-through shares
Purchase price: 10 cents per non-flow-through share
Warrants: 3,115,000 share purchase warrants to purchase 3,115,000 shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Number of placees: 16 placees
Insiders: Kevin Bottomley, 50,000; Jody Bellefleur, 50,000
Total pro group involvement: 180,000 (two placees)
Finder's fee: Leede Jones Gable Inc., $6,000 cash; Echelon Wealth Partners Inc., $800 cash
The company issued news releases on July 14, 2017, and Aug. 30, 2017, confirming the closing of the private placement. 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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