The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 25, 2019.
Number of shares: 16.64 million shares
Purchase price: five cents per share
Warrants: 16.64 million share purchase warrants to purchase 16.64 million shares
Warrant initial exercise price: 10 cents
Warrant term to expiry: three years
Number of placees: 42 placees
Insiders: Pacific Opportunity Capital Ltd. (Mark Brown), 1.63 million; Paul Kuhn, 100,000; Spartacus Management Inc. (Mark T. Brown), 300,000
Total pro group involvement: 700,000 (one placee)
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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