The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 24, 2020.
Number of shares: 15 million shares
Purchase price: 20 cents per share
Warrants: 15 million share purchase warrants to purchase 15 million shares
Warrant exercise price: 30 cents for a three-year period
Number of placees: 100 placees
Insiders: Rakesh Patel, 100,000;
John Anderson, 300,000
Total pro group involvement: 1.5 million (seven placees)
Finders' fees: PI Financial Corp. receives $1,250. Kardia Consulting Group Ltd. (Laura Benson) receives $7,000 and 35,000 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. Canaccord Genuity Corp. receives $4,200 and 21,000 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. Haywood Securities Inc. receives $35,000 and 175,000 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. Mackie Research Capital Corp. receives $9,240 and 46,200 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years. EDE Asset Management Inc. receives $70,000 and 350,000 non-transferable warrants, each exercisable for one share at a price of 25 cents for three years.
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