The TSX Venture Exchange has accepted for filing documentation with respect to non-brokered private placements announced Sept. 12, 2016.
Number of shares: 12,516,250 shares
Purchase price: eight cents per share
Warrants: 12,516,250 share purchase warrants to purchase 12,516,250 shares
Warrant exercise price: 12 cents for an 18-month period
Number of placees: 40 placees
Insiders: David Petroff, 312,500;
Richard Mark and Alayan Mark, 100,000;
Richard Mark, 50,000
Total pro group involvement: 312,500 (three placees)
Finders' fees: an aggregate of $16,800 in cash and 210,000 finders' warrants payable to Leede Jones Gable Inc. and PI Financial Corp. (Each finder's warrant entitles the holder to acquire one common share at 12 cents for an 18-month period.)
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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