The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 23, 2020.
Number of shares: 20 million shares
Purchase price: 10 cents per share
Warrants: 10 million share purchase warrants to purchase 10 million shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: two years
Number of placees: 44 placees
Insiders: England Communications Ltd. (Michael England), 210,000;
John Masters, 100,000
Total pro group involvement: 405,000 (three placees)
Finders' fees: PI Financial Corp., $45,600 cash;
Canaccord Genuity Corp., $1,600 cash;
Haywood Securities Inc., $12,000 cash;
Echelon Wealth Partners, $2,720 cash
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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