The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 24, 2016.
Number of shares: 16.1 million shares
Purchase price: 25 cents per share
Number of placees: 148 placees
Insiders: Siden Investments Ltd. (David Sidoo), 49,000; Ross McElroy, 100,000; Marc Cernovitch, 100,000
Aggregate pro group involvement: 2.06 million (11 placees)
Finder's fee: Canaccord Genuity Corp., $20,000 cash and 80,000 warrants; Haywood Securities Inc., $73,420 cash and 293,680 warrants; Mackie Research Capital Corp., $44,660 cash and 178,640 warrants; Devinder Randhawa, $20,600 cash and 82,400 warrants; Max Sali, $106,700 cash and 426,800 warrants; Sherman Dahl, $22,960 cash and 91,840 warrants
Finder's warrant initial exercise price: 25 cents
Finder's warrant term to expiry: two years
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