The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 27, 2017.
Number of shares: three million shares
Purchase price: five cents per share
Warrants: three million share purchase warrants to purchase three million shares
Warrant exercise price: five cents for a one-year period
Number of placees: six placees
Insider: Totus Inc. (Richard Patricio), 500,000 shares
Aggregate pro group involvement: 100,000
shares (one placee)
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on Feb. 10, 2017.
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