The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 14, 2017.
Number of shares: 13,745,000 shares
Purchase price: 40 cents per share
Warrants: 13,745,000 share purchase warrants to purchase 13,745,000 shares
Warrant exercise price: 55 cents for a three-year period
Number of placees: 26 placees
Total pro group involvement: 425,000 (four placees)
Finders' fees: Canaccord Genuity Corp. receives $268,460 and 365,940 non-transferable warrants, each exercisable for one share at a price of 40 cents for a three-year period.
Red Cloud Klondike Strike Inc. receives 137,228 non-transferable warrants, each exercisable for one share at a price of 40 cents for a three-year period.
Beacon Securities Ltd. receives 106,732 non-transferable warrants, each exercisable for one share at a price of 40 cents for a three-year period.
Raymond James Ltd. receives 61,250 non-transferable warrants, each exercisable for one share at a price of 40 cents for a three-year period.
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