The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 7, 2017, of 20.2 million subscription receipts that will be automatically converted, subject to certain escrow release conditions, into one unit consisting of one share and one-half of one common share purchase warrant.
Number of shares: 20.2 million shares
Purchase price: 25 cents per share
Warrants: 10.1 million share purchase warrants to purchase 10.1 million shares
Warrant exercise price: 35 cents for a 60-month period
Number of placees: 31 placees
Insiders: Altius Resources Inc., 14.2 million;
Ewan Downie, 110,000
Total pro group involvement: 1,275,000 (five placees)
Finders' fees: $21,875 to Medalist Capital Ltd.;
$15,250 to Sprott Global Resource Investments Ltd.;
$12,650 to Haywood Securities Ltd.;
$277,500 to Cormack Securities Inc.
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