The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement closed on Sept. 13, 2019.
Number of shares: 81,730,233 common shares
Purchase price: 32.25 cents per share
Warrants: 81,730,233 share purchase warrants to purchase 81,730,233 shares
Warrant exercise price: 64.5 cents for a five-year period
Number of placees: 14 placees
Insiders: The Baupost Group LLC, 11,103,273;
Electrum Global Holdings LP, 11,115,479;
Enescu Investments LLC, 17,779,334;
BSG Capital Markets Ltd., 5,225,970
Finder's fee: $10,000 (U.S.) in cash payable to Swiss Capital S.A.
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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