The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 17, 2020.
Number of shares: 16,598,500 shares
Purchase price: 20 cents per share
Warrants: 16,598,500 share purchase warrants to purchase 16,598,500 shares
Warrant exercise price: 30 cents for a three-year period
Number of placees: 81 placees
Total pro group involvement: 750,000 (four placees)
Finders' fees: Raymond James Ltd. receives $14.14-million and 70,700 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. PI Financial Corp. receives $1,400 and 7,000 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. Kardia Consulting Group Ltd. (Laura Benson) receives $11,564 and 57,820 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. EMD Financial Inc. receives $18,725 and 93,625 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years.
Canaccord Genuity Corp. receives $1,400 and 7,000 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years.
Leede Jones Gable Inc. receives $700 and 3,500 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years.
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