The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 29, 2019.
Flow-through (FT) shares
Number of FT shares: 6,041,460 flow-through shares
Purchase price: 49 cents per flow-through share
Warrants: 3,020,730 share purchase warrants to purchase 3,020,730 shares
Warrant initial exercise price: 60 cents
Warrant term to expiry: two years
Non-flow-through (NFT) shares
Number of NFT shares: 6,178,851 non-flow-through shares
Purchase price: 35 cents per non-flow-through share
Warrants: 3,089,425 share purchase warrants to purchase 3,089,425 shares
Warrant initial exercise price: 60 cents
Warrant term to expiry: two years
Number of placees: 54 placees
Total pro group involvement: 365,000 (four placees)
Finders' fees: Haywood Securities Inc., $15,190 cash and 43,400 warrants; Mackie Research Capital Corp., $9,483.95 cash and 27,097 warrants; Elemental Capital Partners LLP, $35,000 cash; Fieldhouse Capital Management Inc., $50,273.52 cash and 143,637 warrants; PI Financial Corp., $698.25 cash and 1,995 warrants; Kardia Consulting Group Ltd., $11,399.48 cash; Emerging Equities Inc., $1,813 cash and 5,180 warrants; Raymond James Ltd., $6,247.50 cash and 17,850 warrants; Hampton Securities Ltd., $735 cash and 2,100 warrants
Finder's warrant initial exercise price: 60 cents
Finder's warrant term to expiry: exercisable into a common share of the issuer for a period of 24 months
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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