The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 6, 2014.
Units: 3,043,648 units; each unit consists of one common share and one common share purchase warrant
Price: $1.15
Warrants: 3,043,648 share purchase warrants to purchase 3,043,648 shares
Exercise price: $1.40 for a period of four years from date of closing
Placees: 19
Insider: DAK Investments Corp. (Daryl Katz) 1,304,348
Pro group involvement: 300,000 (one placee)
Finders' fees: $120,012 cash and 173,930 non-transferrable warrants payable to Lightyear Capital Inc.;
$90,000 cash and 130,434 warrants payable to Credit Suisse Canada;
each warrant entitles the holder to purchase one unit at a price of $1.15 until expiry 24 months from the date of closing
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