The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement of convertible debentures announced March 19, 2015.
Convertible debenture: $220,000
Conversion price: Convertible into 666,666 shares at a conversion price of 33 cents
Maturity date: March 12, 2020
Interest rate: 8 per cent per year (The interest may be settled in shares subject to the prior approval of the exchange.)
Number of placees: Three placees
Agent's fee: $26,215 payable to Euro Pacific Canada Inc., with 104,860 options exercisable at 40 cents for three years
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