The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Nov. 25, 2019.
Number of shares: 11.2 million shares
Purchase price: 20 cents per share
Warrants: 5.6 million share purchase warrants to purchase 5.6 million shares
Warrant initial exercise price: 30 cents
Warrant term to expiry: two years
Number of placees: 33 placees
Agent's fee: Canaccord Genuity Corp., $122,400 cash and 612,000 warrants
Agent's warrant initial exercise price: 20 cents
Agent's warrant term to expiry: Dec. 12, 2021
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.
© 2020 Canjex Publishing Ltd. All rights reserved.