The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 25, 2018.
Number of shares: 8.5 million shares
Purchase price: five cents per share
Warrants: 8.5 million share purchase warrants to purchase 8.5 million shares
Warrant initial exercise price: eight cents
Warrant term to expiry: 18 months
Number of placees: 17 placees
Insiders: Dave Bissoondatt, 200,000; Zimtu Capital Corp. (Dave Hodge), 2.25 million
Finder's fee: Canaccord Genuity Corp., $1,000 cash and 20,000 warrants; Mackie Research Capital Corp., $1,000 cash and 20,000 warrants
Finder's warrant initial exercise price: five cents
Finder's warrant term to expiry: 12 months
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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