The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 23, 2016.
Number of flow-through shares: 3,275,000 flow-through shares
Purchase price: 10 cents per flow-through share
Warrants: 1,637,500 share purchase warrants to purchase 1,637,500 shares
Warrant initial exercise price: 10 cents
Warrant term to expiry: three years
Number of placees: nine placees
Insider: Andrew H. Rees, 500,000 shares
Finder's fee: Accilent Capital Management Ltd., $9,800 cash, 9,800 warrants
Finder warrant initial exercise price: 10 cents
Finder warrant term to expiry: 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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