The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 10, 2020.
Number of shares: 15 million shares
Purchase price: 10 cents per share
Warrants: 15 million share purchase warrants to purchase 15 million shares
Warrant initial exercise price: 17.5 cents
Warrant term to expiry: 42 months
Number of placees: 57 placees
Insiders: Jim Pettit, 50,000;
Tri Ventures Capital Corp. (Jordan Trimble), 120,000;
Grant Ewing, 150,000;
Starscream Capital Corp. (Joseph Gallucci), 150,000
Total pro group involvement: 1.01 million (six placees)
Finders' fees: PI Financial Corp., $7,700 cash and 77,000 warrants;
Canaccord Genuity Corp., $13,650 cash and 136,500 warrants
Finder's warrant initial exercise price: 17.5 cents
Finder's warrant term to expiry: exercisable into common shares, valid for 3.5 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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