The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 29, 2018.
Number of shares: 11 million shares
Purchase price: 10 cents per share
Warrants: 5.5 million share purchase warrants to purchase 5.5 million shares
Warrant initial exercise price: 20 cents
Warrant term to expiry: 18 months
Number of placees: nine placees
Total pro group involvement: 650,000 (one placee)
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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