The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 18, 2020.
Number of shares: seven million shares
Purchase price: 15 cents per share
Warrants: seven million share purchase warrants to purchase seven million shares
Warrant initial exercise price: 22 cents
Warrant term to expiry: three years
Number of placees: one placee
Finder's fee: Red Cloud Securities Inc., $73,500 cash and 490,000 warrants
Finder's warrant initial exercise price: 22 cents
Finder's warrant term to expiry: valid for three years from issuance
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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