The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 27, 2020.
Number of shares: 20 million shares
Purchase price: 40 cents per share
Warrants: 10 million share purchase warrants to purchase 10 million shares
Warrant initial exercise price: 60 cents
Warrant term to expiry: two years
Number of placees: 90 placees
Insiders: Gregory Johnson, 400,000;
A. Milne Consulting Corp. (Alicia Milne), 12,500;
2176423 Ontario Ltd. (Eric Sprott), 3.5 million;
Scott Petsel, 12,500;
Rebecca Moriarty, 12,500
Agents' fees: Canaccord Genuity Corp,. $282,750 cash and 706,875 warrants;
Mackie Research Capital Corp., $65,250 cash and 163,125 warrants;
other, $87,000 cash and 217,500 warrants
Agent's warrant initial exercise price: 40 cents
Agent's warrant term to expiry: Each warrant is exercisable into one common share at a price of 40 cents per share for 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.
© 2024 Canjex Publishing Ltd. All rights reserved.