The
TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 26, 2021, and March 15, 2021.
Number of shares: 4,308,800 non-flow-through (NFT) shares and 1,321,250 flow-through (FT) shares
Purchase price: 50 cents per NFT share and 64 cents per FT share
Warrants:
2,815,025 share purchase warrants to purchase 2,815,025 shares
Warrant exercise price:
75 cents for a two-year period
Number of placees: 34 placees
Pro groups: 97,200, three placees
Finders' fees:
$6,000 and 9,375 finders' warrants payable to Accilent Capital Management Inc.;
$933.60 and 1,800 finders' warrants payable to Canaccord Genuitv Corp.;
$2,400 and 4,800 finders' warrants payable to Leede Jones Gable Inc.;
$1,800 and 3,600 finders' warrants payable to PI Financial Corp.;
$153,394.40 and 280,760 finders' warrants payable to Red Cloud Securities Inc.;
$516 and 1,032 finders' warrants payable to Richardson Wealth
Finders' warrants exercise price: 75 cents per share
Finders' warrants term to expiry: two years
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the company has issued a news release announcing the closing of the private placement on March 12, 2021, and March 26, 2021, and setting out the expiry dates of the hold period(s).
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