The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 27, 2018.
Flow-through (FT) shares
Number of FT shares: 5,166,667 flow-through shares
Purchase price: 12 cents per flow-through share
Warrants: 2,583,333 share purchase warrants to purchase 2,583,333 shares
Warrant initial exercise price: 20 cents
Warrant term to expiry: 18 months
Non-flow-through (NFT) shares
Number of NFT shares: 7.8 million non-flow-through shares
Purchase price: 10 cents per non-flow-through share
Warrants: 3.9 million share purchase warrants to purchase 3.9 million shares
Warrant initial exercise price: 20 cents
Warrant term to expiry: 18 months
Number of placees: 10 placees
Finders' fees: Leede Jones Gable Inc., $30,000 cash and 300,000 warrants; Canaccord Genuity Corp., $2,250 cash and 22,500 warrants; Belgravia Capital International Inc., $15,750 cash and 157,500 warrants
Finder's warrant initial exercise price: 20 cents
Finder's warrant term to expiry: 18 months
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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