The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced by Velocity Minerals Ltd. on June 1, 2017.
Number of shares: 8,857,000 shares
Purchase price: 25 cents per share
Warrants: 4,428,500 share purchase warrants to purchase 4,428,500 shares
Warrant exercise price: 40 cents for a one-year period
Number of placees: 55 placees
Insider/pro group participation: not applicable
Fee: Aggregate finders' fees of $94,448 and 377,790 finders' warrants were paid. Each finder's warrant entitles the holder to acquire one share of the company at 25 cents for 24 months.
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