The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 17, 2017, and Nov. 23, 2017.
Number of shares: 34.98 million shares
Purchase price: 10 cents per share
Warrants: 17.49 million share purchase warrants to purchase 17.49 million shares
Warrant exercise price: 15 cents for a two-year period
Number of placees: 105 placees
Insiders: Louis G. Montpellier, 500,000;
John M. Murphy, 750,000;
Wayne M. Hubert, 750,000
Total pro group involvement: 7,545,000 (28 placees)
Finders' fees: Haywood Securities Inc., $6,500 cash and 42,000 finder's warrants;
PI Financial Corp., $3,500 cash and 35,000 finder's warrants;
Leede Jones Gable Inc., $72,135 cash and 716,100 finder's warrants;
Raymond James Ltd., $42,700 cash and 427,000 finder's warrants;
Canaccord Genuity Corp., $5,075 cash and 42,000 finder's warrants;
Industrial Alliance Securities Inc., $17,500 cash and 175,000 finder's warrants;
RBC Dominion Securities Inc., $525 cash;
National Bank Financial Inc., $700 cash;
Echelon Wealth Partners, $350 cash;
Red Cloud Klondike Strike Inc., $33,575 cash and 388,500 finder's warrants
(The finders' warrants are exercisable at a price of 15 cents for a period of two years.)
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