The
TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a non-brokered private placement announced Sept. 7, 2012, Oct. 5, 2012, and Nov. 16, 2012:
Number of shares: 2,866,667 non-flow-through shares and 450,000 flow-through shares
Purchase price: nine cents per non-flow-through share and 10 cents per flow-through share
Warrants: 1,658,334 share purchase warrants to purchase 1,658,334 shares
Warrant exercise price: 15 cents for warrants issued with non-flow-through shares and 16 cents for warrants issued with flow-through shares, both for an 18-month period, subject to an accelerated expiry
Number of placees: three placees
Insider participation: Pacific North West Capital Corp. (Harry Barr) 2,866,667
Finder's fee: $3,150 payable to Haywood Securities Inc., with 31,500 warrants exercisable at 16 cents for 18 months
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