The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 10, 2015.
Number of shares: 625,000 common shares and 350,000 flow-through shares
Purchase price: eight cents per common share and 10 cents per flow-through share
Warrants: 975,000 share purchase warrants to purchase 975,000 shares
Warrant exercise price: 12 cents for a two-year period (The warrants are subject to an accelerated exercise provision in the event the company's shares trade at a volume-weighted average price of 25 cents per share or greater over 10 consecutive trading days.)
Number of placees: 11 placees
Insiders: Brent Petterson, 50,000 FT;
Michael Sweatman, 50,000 FT and 62,500 NFT;
Kristian Lorne Whitehead, 50,000 FT;
Christina Boddy, 30,000 FT
Total pro group involvement: 300,000 NFT (one placee)
Finders' fees: Haywood Securities Inc., $7,000;
Coal River Resources Inc. (Scott Young), $600
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