The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 11, 2019.
Flow-through (FT) shares
Number of FT shares: 7,997,058 flow-through shares
Purchase price: 17 cents per flow-through share
Warrants: 3,998,529 share purchase warrants to purchase 3,998,529 shares
Warrant initial exercise price: 25 cents
Warrant term to expiry: three years
Non-flow-through (NFT) shares
Number of NFT shares: 7.25 million non-flow-through shares
Purchase price: 15 cents per non-flow-through share
Warrants: 3,625,000 share purchase warrants to purchase 3,625,000 shares
Warrant initial exercise price: 25 cents
Warrant term to expiry: three years
Number of placees: 25 placees
Total pro group involvement: 100,000 (one placee)
Finders' fees: Red Cloud Klondike Strike, 46,806 shares and 23,403 warrants; PI Financial Corp., 71,400 shares and 35,700 warrants; Mackie Research Capital, 466,853 shares and 233,426 warrants; Leede Jones Gable, 70,000 shares and 35,000 warrants; Blue Lake Advisors S.A., 70,000 shares and 35,000 finder warrants
Finder's warrant initial exercise price: 25 cents
Finder's 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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