The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 18, 2014.
Number of shares: 11,545,000 shares
Purchase price: Five cents per share
Warrants: 11,545,000 share purchase warrants to purchase 11,545,000 shares
Warrant exercise price: 10 cents for a two-year period (The warrants are subject to an accelerated exercise provision in the event the company's average closing price is equal or exceeds 15 cents per share for a period of 20 consecutive trading days.)
Number of placees: 27 placees
Insiders: England Communications Ltd. (Mike England), 1.2 million;
Mike England, 300,000
Total pro group involvement: 188,000 (two placees)
Finder's fee: Leede Financial Markets, $1,740 and 34,800 finder warrants that are exercisable into common shares at 10 cents for a 12-month period
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