The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 10, 2016.
Number of shares: 10,068,790 shares
Purchase price: 14 cents per share
Warrants: 10,068,790 share purchase warrants to purchase 10,068,790 shares
Warrant exercise price: 20 cents for a two-year period
Number of placees: 43 placees
Finders' fees: $54,718 payable to Keith Allen, $3,080 payable to James Elbert, $1,300 payable to Connie Fischer, $22,596 payable to Michael J. Hoy, $500 payable to Ken Marty, $1,400 payable to Samuel Pasternak, $500 payable to Peter J. Walker
The company issued a news release on Sept. 2, 2016, confirming closing of the private placement. 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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