The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 28, 2015.
Number of shares: 10,087,393 shares
Purchase price: 12.5 cents per share
Warrants: 10,087,393 share purchase warrants to purchase 10,087,393 shares
Warrant initial exercise price: 25 cents
Warrant term to expiry: one year
Number of placees: 42 placees
Insiders: Zimtu Capital Corp. (David Hodge), 2.9 million; David Hodge, 800,000; Ridge Resources Ltd. (Kyler Hardy), 720,000
Finder's fee: Rob Christl, $1,500 cash and 12,000 warrants; Canaccord Genuity Corp., $3,250 cash and 26,000 warrants; Euro Pacific Canada Inc., $750 cash and 6,000 warrants; Richardson GMP Ltd., $2,625.00 cash
Finder's warrant initial exercise price: 25 cents
Finder's warrant term to expiry: expires one year from closing
Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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