The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement.
Number of shares: two million common shares
Purchase price: six cents per common share
Warrants: one million warrants to purchase one million common shares
Warrant exercise price: 10 cents until Dec. 31, 2020
Number of placees: 11 placees
Insiders: Renaud Hinse, 20,000;
Nicole Veilleux, 30,000;
Daniel Adam, 40,000
Finder's fee: An arm's-length finder received $2,490 in cash and 41,500 non-transferable warrants to purchase 41,500 common shares at an exercise price 10 cents per share until Dec. 31, 2019.
The company has confirmed the closing of the above-mentioned private placement by way of the press release dated Dec. 31, 2018.
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