The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 29, 2016, and Jan. 26, 2017.
Number of shares: 12 million shares
Purchase price: 10 cents per share
Warrants: six million share purchase warrants to purchase six million shares
Warrant exercise price: 30 cents for a two-year period (In the event that the common shares have a closing trading price of 30 cents or higher for a period of 20 consecutive trading days, the company may accelerate the expiry date of the warrant to a date that is 30 days from providing notice.)
Number of placees: 22 placees
Insiders: Larry Van Hatten, 500,000;
Paul DiPasquale, 250,000;
Gregory M. Clarkes, 1.3 million
Total pro group involvement: 1.95 million (two placees)
Finders' fees: Canaccord Genuity Corp. receives $56,400.
Haywood Securities Inc. receives $3,600.
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