The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 19, 2016.
Flow-through (FT) shares
Number of FT shares: 7,267,001 flow-through shares
Purchase price: 17 cents per flow-through share
Warrants: 7,267,001 share purchase warrants to purchase 7,267,001 shares
Warrant initial exercise price: 25 cents
Warrant term to expiry: three years
Non-flow-through (NFT) shares
Number of NFT shares: 7,778,665 non-flow-through shares
Purchase price: 15 cents per non-flow-through share
Warrants: 7,778,665 share purchase warrants to purchase 7,778,665 shares
Warrant initial exercise price: 25 cents
Warrant term to expiry: three years
Number of placees: 69 placees
Insiders: Paul Crossett, 125,000; George Patton, two million
Total pro group involvement: 2,963,235 (four placees)
Finders' fees: Qwest Investment Fund Management, $35,200 cash and 207,058 warrants; Canaccord Genuity Ltd., $2,720 cash and 16,000 warrants; Richardson GMP Ltd., $48,027 cash and 294,543 warrants; PI Financial Corp., $40,232 cash and 266,080 warrants; Raymond James Ltd., $1,860 cash and 11,600 warrants; EIX Brokerage Inc., $4,568 cash
Finder's warrant initial exercise price: 25 cents
Finder's warrant term to expiry: expires Oct. 31, 2019
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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