The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement.
Number of shares: 1.68 million common shares
Purchase price: 8.5 cents per common share
Warrants: 840,000 warrants to purchase 840,000 common shares
Warrant exercise price: 10 cents until Dec. 31, 2017
Number of placees: 13 placees
Insiders:
Renaud Hinse, 10,000
shares; Marc Filion, 20,000
shares; Normand Hinse, 180,000
shares; Systeme Electronique Rayco Ltee (Normand Hinse), 600,000 shares
Finders' fees: nil
The company has confirmed the closing of the above-mentioned private placement by way of the press release dated Jan. 4, 2017.
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