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Boreal Metals eight-million-unit private placement

2017-11-20 16:28 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Sept. 25, 2017.

Securities:  eight million

Price:  30 cents

Warrants:  eight million share purchase warrants to purchase eight million common shares

Exercise price:  50 cents for a two-year period from the closing date

Placees:  38

Insiders:  Karl Antonius 27,236; Alexandra Woodyer Sherron 100,000

Pro groups:  Dorothy Hoffert 20,000; Tumer Bahcheli 200,000; Annie Chan 20,000

Agent:  PI Financial Corp.

Commission:  PI Financial Corp. received 640,000 warrants, each exercisable to acquire one common share for a period of 18 months from the date on which the offering closes at an exercise price of 30 cents.

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