The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 6, 2015.
Number of shares: 4,861,000 shares
Purchase price: Five cents per share
Warrants: 4,861,000 share purchase warrants to purchase 4,861,000 shares
Warrant initial exercise price: Eight cents
Warrant term to expiry: Two years
Number of placees: Three placees
Finder's fee: Maison Placements Canada Inc., $13,443.30 cash and 230,466 warrants
Finder warrant initial exercise price: Eight cents
Finder warrant term to expiry: Two-year warrant exercisable at eight cents
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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