23:06:57 EDT Fri 10 May 2024
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Identillect 210,000-unit private placement

2016-05-24 18:47 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 19, 2016.

Shares:  210,000

Price:  20 cents

Warrants:  210,000 share purchase warrants to purchase 210,000 shares

Exercise price:  30 cents for a one-year period

Placees:  five

Pro group:  40,000 shares (one placee)

Finder's fee:  Canaccord Genuity Corp. will receive a finder's fee of $2,940 and 21,000 warrants that are exercisable into common shares at 20 cents per share for a one-year term.

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