The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 5, 2019.
Number of shares: 8,446,364 flow-through shares and 23,229,000 non-flow-through shares
Purchase price: 5.5 cents per flow-through share and five cents per non-flow-through share
Warrants: 31,675,364 share purchase warrants to purchase 31,365,364 shares
Warrant exercise price: seven cents for a five-year period
Number of placees: 40 placees
Total pro group involvement: 150,000 (one placee)
Finders' fees: aggregate cash commissions of $74,803 and 1,438,045 finders' warrants payable to Industrial Alliance Securities Inc., Canaccord Genuity Corp. and Qwest Investment Fund Management Ltd. (Each finder's warrant entitles the holder to acquire one common share at seven cents for a five-year period.)
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