The TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a non-brokered private placement announced June 13, 2013.
Number of shares: 10,045,000 shares
Purchase price: Five cents per share
Warrants: 10,045,000 share purchase warrants to purchase 10,045,000 shares
Warrant exercise price: Eight cents for a one-year period;
10 cents in the second year
Number of placees: 32 placees
Insiders: Marshall Farris, 50,000;
MFL Holdings (Marshall Farris), 720,000;
Guy Le Bel, 350,000;
Nigel Kirkwood, 220,000;
Tom Atkins, 975,000;
Ascenta Finance (Marshall Farris), 400,000;
Consultant GEO R Inc. (Richard Simpson), 680,000
Total pro group involvement: 100,000 (one placee)
Finder's fee: PI Financial $6,800 cash and 184,000 warrants payable (Each warrant has the same terms as the offering warrants.)
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