The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 26, 2014.
Number of shares: 6,772,151 shares
Purchase price: $1.50 per share
Warrants: 3,386,075 share purchase warrants to purchase 3,386,075 shares
Warrant exercise price: $1.90 for a one-year period, subject to an acceleration clause
Number of placees: 88 placees
Insiders: Rene Carrier, 15,000;
Bozena Kaminski, 70,000;
Douglas Blakeway, 33,000;
Bernard Zinkhofer Law Corp. (Bernard Zinkhofer), 15,000;
Troy Bullock, 10,000
Total pro group involvement: 302,500 (nine placees)
Finders' fees: Canaccord Genuity Corp., $389,025.63 cash and 168,578 work fee warrants payable; Craig-Hallum Capital Group LLC, 90,772 work fee warrants payable (Each work fee warrant is exercisable into one unit at $1.50 until Sept. 12, 2015. Each unit has the same terms as the offering.);
Mackie Research Capital Corp., $49,423.50 cash payable
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