The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 5, 2021.
Number of shares: 18.45 million non-flow through shares;
4,711,539 flow-through shares
Purchase price: nine cents per non-flow through share;
13 cents per flow-through share
Warrants: 23,161,539 share purchase warrants to purchase 23,161,539 shares
Warrant exercise price: 20 cents for a two-year period
Number of placees: 44 placees
Insiders: Michael Stares, 77,000 flow-through;
Gordon Fretwell, 96,154 flow-through;
Elliott Strashin, one million flow-through
Finders' fees: 6132987 Canada Inc. (Sebastien Choquet) receives $6,265.
PowerOne Capital Markets Ltd. receives $12,600 and 140,000 non-transferable warrants exercisable at nine cents for two years.
PI Financial Corp. receives $92,672.30, 690,200 non-transferable warrants exercisable at nine cents for two years and 235,033 non-transferable warrants exercisable at 1.3 cents for two years. RBC Financial receives $3,496.50 and 38,850 non-transferable warrants exercisable at nine cents for two years.
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