The TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement.
Number of shares: 34.68 million common shares and 29,552,116 flow-through common shares
Purchase price: five cents per common share and six cents per flow-through common share
Warrants: 49,186,058 warrants to purchase a maximum of 49,186,058 common shares
Warrant exercise price: 6.5 cents per share for a period of 36 months following the closing of the private placement
Number of placees: 16 placees
Finder's fee: Secutor Capital Management Corp. received $210,428 in cash and 3,853,927 common share purchase warrants at 5.5 cents for 36 months.
The company has confirmed the closing of the private placement by way of news releases dated Nov. 6, 2015, and Nov. 19, 2015.
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