The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Oct. 10, 2014.
Number of shares: 3.5 mllion non-flow-through shares;
700,000 flow-through shares
Purchase price: Five cents per share
Warrants: 4.2 million share purchase warrants to purchase 4.2 million shares
Warrant exercise price: Five cents for a three-year period
Number of placees: Five placees
Insiders: Challenge Capital Management (Richard C. Atkinson), two million non-flow-through;
Victor A. Tanaka, 200,000 flow-through
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