The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 21, 2014.
Number of shares: 16,705,000 shares
Purchase price: Five cents per share
Warrants: 16,705,000 share purchase warrants to purchase 16,705,000 shares
Warrant exercise price: Five cents for a three-year period
Number of placees: 45 placees
Insider: Jeffrey Tindale, 500,000
Total pro group involvement: Two million (four placees)
Finders' fees: $14,000 payable to Canaccord Genuity Corp., with 280,000 warrants exercisable at five cents for three years;
$700 payable to Jennings Capital Inc., with 14,000 warrants exercisable at five cents for three years;
$14,000 payable to Foremost Capital Corp., with 280,000 warrants exercisable at five cents for three years;
$1,750 payable to Olivier Tielens, with 35,000 warrants exercisable at five cents for three years;
$1,750 payable to Verdmont Capital S.A., with 35,000 warrants exercisable at five cents for three years;
$17,500 payable to Haywood Securities Inc., with 350,000 warrants exercisable at five cents for three years
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