The TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement as announced on Dec. 6, 2017.
Number of shares: 12,243,000 common shares and 3,358,600 flow-through common shares
Purchase price: 70 cents per common share and 85 cents per flow-through common share
Warrants: 6,121,500 warrants to purchase a maximum of 6,121,500 common shares
Warrant exercise price: 90 cents per share for a period of 24 months following the closing of the private placement
Number of placees: 21 placees
Insiders: Kirkland Lake Gold, 1,915,000;
Wexford Capital LP, 1.98 million;
Anik Gendron, 20,000;
Michel Fontaine, 10,000;
James Fairbairn, 40,000
Finders' fees: Red Cloud Klondike Strike and Sprott Capital Partners received 6 per cent of gross proceeds in cash.
The company has confirmed the closing of the private placement by way of press releases dated Dec. 28, 2017, and Feb. 27, 2018.
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