The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 29, 2019.
Number of shares: 17,500,140 shares
Purchase price: 14 cents per share
Warrants: 8,750,070 share purchase warrants to purchase 8,750,070 shares
Warrant initial exercise price: 21 cents
Warrant term to expiry: three years
Number of placees: 50 placees
Insider: Greg Johnson, 395,000
Total pro group involvement: 907,000 (one placee)
Finders' fees: Red Cloud Klondike Strike Inc., $16,577.68 cash and 118,412 warrants; Canaccord Genuity Corp., $23,303.84 cash and 166,456 warrants; PI Financial Corp., $41,630.40 cash and 297,360 warrants; Jonathan Thierman, $517.15 cash and 3,694 warrants; Leede Jones Gable, $4,480 cash and 32,000 warrants; Gerhard Merkel, $21,616 cash and 154,400 warrants
Finder's warrant initial exercise price: 21 cents
Finder's warrant term to expiry: exercisable into one common share at a price of 21 cents for 36 months
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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