Effective March 5, 2018, the company's prospectus dated March 5, 2018, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions, pursuant to the provisions of the Securities Act.
The TSX Venture Exchange has been advised that closing occurred on March 13, 2018, for gross proceeds of $24.15-million (including $3.15-million from the full exercise of the overallotment option).
Underwriters: Canaccord Genuity Corp., Cantor Fitzgerald Canada Corp., Cormark Securities Inc. and Sprott Private Wealth LP
Offering: 6.9 million units (including 900,000 units from the full exercise of the overallotment option) (Each unit consists of one common share and one-half warrant.)
Unit price: $3.50 per unit
Warrant exercise price/term: $4.25 per share for 24 months from closing
Underwriters' warrants: 414,000 non-transferable warrants exercisable to purchase one common share at $3.50 per share for 24 months from closing
© 2024 Canjex Publishing Ltd. All rights reserved.