The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 7, 2019.
Number of shares: 22,044,000 shares
Purchase price: five cents per share
Warrants: 22,044,000 share purchase warrants to purchase 22,044,000 shares
Warrant exercise price: eight cents for a period of 18 months
Number of placees: 21 placees
Insiders: Andrew Ryu, 5.3 million; Seinecliffe Management Ltd. (Andrew Ryu), 700,000;
Jeffrey James Stevens, 400,000;
S4 Management Inc. (Jeffrey James Stevens), one million;
Steve Kang, 1.2 million;
Michael Frank, one million;
Richard Stone, 200,000;
John Randolph Clifford, 100,000
Finder's fee: an aggregate of $28,240 in cash payable to Hampton Securities Ltd. (In addition, a total of 564,800 non-transferable finder's warrants are issuable to the finder, whereby each finder's warrant entitles the holder to purchase one common share at an exercise price of eight cents for a period of 18 months.)
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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