The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 2, 2014.
Number of shares: 28,571,445 shares
Purchase price: Seven cents per share
Warrants: 28,571,445 share purchase warrants to purchase 28,571,445 shares
Warrant exercise price: 11 cents for a two-year period
Number of placees: 74 placees
Insiders: Galloway Financial Services Inc. (Wayne Tisdale), 3,033,843;
Caledonia Capital Corp. (Wayne Tisdale), 2,142,857;
Gordon King, 3,828,571
Total pro group involvement: 71,429 (one placee)
Finders' fees: $30,000 and 428,573 warrants payable to LB Financial Solutions (Leon van Dam);
$4,000 and 57,143 warrants payable to Robert Munro;
$1,999.20 and 28,560 warrants payable to Palisade Capital Corp.;
$3,360 and 48,000 warrants payable to Canaccord Capital Corp. (Each warrant is exercisable at a price of 11 cents for a two-year period.)
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