The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 19, 2016, and Aug. 15, 2016.
Number of shares: 7.5 million shares
Purchase price: 65 cents per share
Warrants: 3.75 million share purchase warrants to purchase 3.75 million shares
Warrant exercise price: $1 for a two-year period
Number of placees: 134 placees
Insiders: GKM Holdings Ltd. (Graham Harris), 50,000;
Iain Scarr, 200,000
Total pro group involvement: 921,285 (14 placees)
Finders' fees: Chelsie Hodge, $5,000 cash and 40,307 units payable;
Andros Capital Corp., 61,873 units payable;
Roche Securities Ltd., $20,252.70 cash and 15,000 units payable;
Cormark Securities Inc., 46,957 units payable;
Mackie Research Capital Corp., $8,521.50 cash payable;
Canaccord Genuity Corp., $7,215 cash payable;
Fortuna Investment Corp., $65,949 cash payable
(Each unit has the same terms as the offering.)
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