The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 13, 2018.
Flow-through (FT) shares
Number of FT shares: 6.05 million flow-through shares
Purchase price: 10 cents per flow-through share
Warrants: 3,025,000 share purchase warrants to purchase 3,025,000 shares
Warrant initial exercise price: 14 cents
Warrant term to expiry: two years
Non-flow-through (NFT) shares
Number of NFT shares: 12,737,500 non-flow-through shares
Purchase price: eight cents per non-flow-through share
Warrants: 12,737,500 share purchase warrants to purchase 12,737,500 shares
Warrant initial exercise price: 12 cents
Warrant term to expiry: two years
Number of placees: 32 placees
Insiders: Adrian Smith, 312,500; Kosta Tsoutsis, 312,500; Brian Morrison, 250,000; Andrew Bowering, 500,000
Finders' fees: Peter Vermeulen, 250,000 warrants; PI Financial Corp., $2,960 cash and 37,000 warrants; PI Financial, $1,600 cash and 16,000 warrants; Haywood Securities Inc., $1,600 cash and 20,000 warrants; Roche Securities Ltd., $28,000 cash and 280,000 warrants; Roche Securities, $4,000 cash and 50,000 warrants
Finder's warrant initial exercise price: eight cents
Finder's warrant term to expiry: two-year warrants
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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