The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Jan. 20, 2017.
Number of shares: 220,711,540 shares
Purchase price: six cents per share
Warrants: 110,355,770 share purchase warrants to purchase 110,355,770 shares
Warrant exercise price: 10 cents for a two-year period
Number of placees: 212 placees
Insiders: David Gane, 4,036,741;
Lamar Roberts, 2,772,007;
Rick Pauls, 833,333;
Rodger Tourigny, 833,333;
Daryl Yea, 800,000
Pro group: 1,785,000 (five placees)
Agents' fees: Bloom Burton Securities Inc., $543,420.78 cash and 11,332,973 broker warrants;
Canaccord Genuity Corp., 340,250 broker warrants;
Haywood Securities Inc., $34,398.20 cash and 573,303 broker warrants;
Covista Capital Corp., $44,325 cash and 738,750 broker warrants;
Echelon Wealth Partners, $20,875 cash and 347,916 broker warrants;
Leede Jones Gable Inc., $33,900 cash and 565,000 broker warrants;
Raymond James Ltd., $21,880 cash and 364,666 broker warrants;
Aligned Capital Partners Inc., $700 cash;
Beacon Securities Ltd., $6,000 cash;
CIBC World Markets Inc., $1,740 cash;
Dundee Securities Ltd., $4,250 cash;
GMP Securities, $27,000 cash;
PI Financial Corp., $5,880 cash;
RBC Dominion Securities Inc., $875 cash;
Scotia Capital Inc., $1,312.50 cash;
TD Securities Inc., $28,800 cash
Each broker warrant is exercisable at six cents into one common share and one-half share purchase warrant for two years from closing. Each full share purchase warrant is exercisable into one share at 10 cents for two years from closing.
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