The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 6, 2020.
Flow-through shares
Shares: 5.3 million
Price: 12.5 cents
Warrants: 5.3 million share purchase warrants to purchase 5.3 million shares
Exercise price: 20 cents
Term: two years
Non-flow-through shares
Shares: 6,756,562
Price: eight cents
Warrants: 6,756,562 share purchase warrants to purchase 6,756,562 shares
Exercise price: 18 cents
Term: two years
Placees: 25
Insiders: Rick Low 100,000;
Graeme O'Neill 3,047,500
Finders' fees: Leede Jones Gable Inc. $2,625 and 14,000 warrants;
PI Financial Corp. $32,550 and 293,475 warrants; 201,600 warrants are exercisable at 20 cents (for flow-through units) and 91,875 are exercisable at 18 cents per share (for non-flow-through units);
GCM Global Capital Management GmbH $5,320 and 66,500 warrants; warrants are exercisable at 20 cents for two years
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