The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 1, 2018.
Number of shares: 3,277,500 shares
Purchase price: 20 cents per share
Warrants: 3,277,500 share purchase warrants to purchase 2.2 million shares
Warrant initial exercise price: 25 cents
Warrant term to expiry: three years
Number of placees: 10 placees
Total pro group involvement: one million (two placees)
Finders' fees: Hampton Securities Ltd., $12,640 cash and 63,200 warrants; Mackie Research Capital Corp., $20,000 cash and 100,000 warrants
Finder's warrant initial exercise price: 25 cents
Finder's warrant term to expiry: three years from closing
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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