The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 21, 2016.
Number of shares: 7,105,000 shares
Purchase price: 25 cents per share
Warrants: 7,105,000 share purchase warrants to purchase 7,105,000 shares
Warrant initial exercise price: 35 cents
Warrant term to expiry: four years
Number of placees: 21 placees
Insider: Palisade Global Investment Ltd. (Collin Kettell), two million
Total pro group involvement: 500,000 (one placee)
Finders' fees: Tamas Bakacs, $28,000 cash; PI Financial Corp., $700 cash; Haywood Securities Inc., $11,900 cash; Gravitas Securities Inc., $10,500 cash
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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