The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 3, 2012.
Number of shares: 4,166,700 shares
Purchase price: 60 cents per share
Warrants: 4,166,700 share purchase warrants to purchase 4,166,700 shares
Warrant exercise price: 90 cents for a two-year period (If the company's shares trade at $1.60 or greater for a period of 20 consecutive trading days, the company may, upon notice to the warrantholders, shorten the exercise period to 30 days from the date of notice.)
Number of placees: 26 placees
Finders' fees: $1,792.06 cash and 2,986 warrants exercisable at 90 cents for a two-year period, and with the same acceleration provisions as noted above, payable to Canaccord Genuity Corp.;
$11,718 cash and 19,530 warrants (same terms as above), payable to Euro Pacific Canada Inc.;
$91,200 cash and 152,000 warrants (same terms as above), payable to Global Market Development LLC (Jeffrey Phillips)
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