Effective May 17, 2018, the company's shelf prospectus supplement dated May 16, 2018, was filed with and accepted by the TSX Venture Exchange. The units were offered by way of a shelf prospectus supplement filed in all of the provinces of Canada, except Quebec, pursuant to National Instrument 44-101.
The TSX Venture Exchange has been advised that closing occurred on May 23, 2018, for gross proceeds of $16.8-million.
Offering: four million units (Each unit consists of one share and one share purchase warrant.)
Unit price: $4.20 per unit
Warrant exercise price/term: $5.20 per share for 18 months
Agents' warrants: not applicable
For further details, please refer to the company's news release dated May 23, 2018.
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