The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 27, 2015, and June 16, 2015.
Number of shares: 13,665,999 shares
Purchase price: Six cents per share
Warrants: 6,833,000 share purchase warrants to purchase 6,833,000 shares
Warrant exercise price: 10 cents for a one-year period
Number of placees: 15 placees
Insiders: Kevin Rathbun, 250,000;
Michael Edwards, 1,666,667
Total pro group involvement: 2,666,666 (two placees)
Finders' fees: Salman Partners, $15,400 cash and 256,667 warrants payable;
Haywood Securities Inc., $7,000 cash and 116,667 warrants payable;
PI Financial Corp., $2,100 cash and 35,000 warrants payable;
Canaccord Genuity Corp., $4,200 cash and 70,000 warrants payable.
(Each warrant is exercisable into one common share at 10 cents for one year
from closing.)
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