The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 14, 2020.
Number of shares: 27 million shares
Purchase price: five cents per share
Warrants: 13.5 million share purchase warrants to purchase 13.5 million shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Number of placees: 51 placees
Finders' fees: Mackie Research Capital Corp., $3,200 cash;
Canaccord Genuity Corp., $1,200 cash and 24,000 warrants;
Haywood Securities Inc., $7,600 cash and 152,000 warrants;
Fred Bruun, $4,000 cash;
Hampton Securities, $2,400 cash and 48,000 warrants;
Leede Jones Gable Inc., $5,760 cash and 115,200 warrants;
Industrial Alliance Securities Inc., $46,000 cash and 920,000 warrants
Finder's warrant initial exercise price: 15 cents
Finder's warrant term to expiry: 24 months from issuance
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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