The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 4, 2020, and Aug. 28, 2020.
Number of shares: 20,166,666 shares
Purchase price: six cents per share
Warrants: 20,166,666 share purchase warrants to purchase 20,166,666 shares
Warrant exercise price: 12 cents for a two-year period, subject to an acceleration clause
Number of placees: 45 placees
Insiders: R. Judson Cutler, 2,323,667;
Ronald Woo, 743,000;
Keith Minty, 801,000;
2364158 Ontario Inc. (Keith Minty), 243,460;
Cannon Capital Corp. (R. Judson Cutler), 333,333
Finders' fees: Canaccord Genuity Corp., $45,206.39 cash and 753,440 warrants payable;
Abingdon Capital Corp., $47,301.60 cash and 788,253 warrants payable (Each warrant has the same terms as the offering warrants.)
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