The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 17, 2019.
Number of shares: 4,167,000 shares
Purchase price: 18 cents per share
Warrants: 2,083,500 share purchase warrants to purchase 2,083,500 shares
Warrant initial exercise price: 27 cents
Warrant term to expiry: one year
Number of placees: 23 placees
Insiders: Tuareg Consulting (Scott Kelly), 50,000;
Stephen Kenwood, 110,000;
Katharine Regan, 56,000;
Kenneth MacLeod, 91,056;
Melvin Herdrick, 110,000;
Neil Maedel, 200,000
Total pro group involvement: 412,000 (three placees)
Finders' fees: PI Financial Corp., 14,385 units as above and 14,385 warrants;
Echelon Wealth Partners Inc., 5,600 units as above and 5,600 warrants;
Haywood Securities, 94,452 units as above and 94,452 warrants
Finder's warrant initial exercise price: 27 cents
Finder's warrant term to expiry: one year
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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