The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 18, 2015.
Flow-through (FT) shares
Number of FT shares: 17,033,200 flow-through shares
Purchase price: 10 cents per flow-through share
Warrants: 8,516,600 share purchase warrants to purchase 8,516,600 shares
Warrant initial exercise price: 20 cents
Warrant term to expiry: one year
Non-flow-through (NFT) shares
Number of NFT shares: 3.16 million non-flow-through shares
Purchase price: 9.5 cents per non-flow-through share
Warrants: 3.16 million share purchase warrants to purchase 3.16 million shares
Warrant initial exercise price: 20 cents
Warrant term to expiry: One year
Number of placees: 62 placees
Insiders: Everett Makela, 100,000; Jody Bellefleur, 85,000; Zimtu Capital Corp. (David Hodge), 1.1 million
Finders' fees: Canaccord Genuity Corp., $2,348.40 cash and 24,720 warrants; Delbrook Capital Advisors Inc., $74,825.60 cash and 748,256 warrants; EMD Financial Inc., $38,400 cash and 384,000 warrants
Finder warrant initial exercise price: 20 cents
Finder warrant term to expiry: 12 months from closing
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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