The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 4, 2018.
Price: 12 cents
Warrants: 5,458,333 share purchase warrants to purchase 5,458,333 shares
Exercise price: 40 cents for a two-year period; the warrants are subject to an accelerated exercise provision in the event the volume-weighted average price of the shares is greater than 50 cents for 20 consecutive trading days
Insider: Cesare Fazari 400,000
Pro groups: 238,000 (two placees)
Finders' fees: Haywood Securities -- $1,800 and 15,000 warrants;
PI Financial Corp. -- $19,260 and 160,500 warrants;
Foster & Associates Financial Services Inc. -- $2,772 and 23,100 warrants;
Canaccord Genuity Corp. -- $6,480 and 54,000 warrants; warrants are
exercisable into common shares at 40 cents per share for a two-year period and are subject to the accelerated exercise provision
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