The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Nov. 20, 2015.
Number of shares: 5,559,865 shares (of which 5,019,865 are flow-through)
Purchase price: 17 cents per share
Warrants: 5,559,865 share purchase warrants to purchase 5,559,865 shares
Warrant exercise price: 20 cents for a three-year period
Number of placees: three placees
Finder's fee: Secutor Capital Management will receive a finder's fee of $91,803.93 and 451,788 warrants that are exercisable into common shares at 17 cents per share for 36-month period.
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