The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 30, 2020.
Flow-through (FT) shares
Number of FT shares: 4,861,111 flow-through shares
Purchase price: 18 cents per flow-through share
Warrants: 4,861,111 share purchase warrants to purchase 4,861,111 shares
Warrant initial exercise price: 22 cents
Warrant term to expiry: three years
Non-flow-through (NFT) shares
Number of NFT shares: 5,358,666 non-flow-through shares
Purchase price: 15 cents per non-flow-through share
Warrants: 5,358,666 share purchase warrants to purchase 5,358,666 shares
Warrant initial exercise price: 22 cents
Warrant term to expiry: three years
Number of placees: 24 placees
Insider: Nia Capital Corp. (Kelly Pladson), 100,000
Total pro group involvement: 250,000 (two placees)
Finders' fees: Laurentian Bank Securities Inc., $52,500 cash and 291,667 warrants;
Canaccord Genuity Corp., $5,373 cash and 4,020 warrants;
Haywood Securities Inc., $4,635 cash and 30,900 warrants;
PI Financial Corp., $1,350 cash and 9,000 warrants; Echelon Wealth Partners Inc., $1,800 cash and 12,000 warrants
Finder's warrant initial exercise price: 22 cents
Finder's warrant term to expiry: valid for three years
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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