The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 11, 2018.
Flow-through (FT) shares
Number of FT shares: 5,402,000 flow-through shares
Purchase price: 13 cents per flow-through share
Warrants: 2,701,000 share purchase warrants to purchase 2,701,000 shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Non-flow-through (NFT) shares
Number of NFT shares: 25,460,900 non-flow-through shares
Purchase price: 11 cents per non-flow-through share
Warrants: 12,730,450 share purchase warrants to purchase 12,730,450 shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Number of placees: 30 placees
Insiders: Bernard Kahlert, 80,000; Dundee Resources Ltd. (also a pro group) (broker), 16,086,882; Doug Fulcher, 100,000
Total pro group involvement: 9,060,300 (eight placees)
Finders' fees: EDE Asset Management Inc., 33,091 shares, 16,545 warrants and 33,091 broker warrants, exercisable at 11 cents for 24 months;
Dundee Securities Ltd., 1,165,154 shares, 528,577 warrants and 1,165,154 broker warrants, exercisable at 11 cents for 24 months;
Sprott Inc., 954,546 shares, 477,273 warrants and 954,546 broker warrants, exercisable at 11 cents for 24 months
Finder's warrant initial exercise price: 15 cents
Finder's warrant term to expiry: two years
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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