The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 5, 2017.
Number of shares: one million shares
Purchase price: 20 cents per share
Warrants: 500,000 share purchase warrants to purchase 500,000 shares
Warrant initial exercise price: 30 cents
Warrant term to expiry: two years
Number of placees: nine placees
Insiders: Barbara ONeill, 25,000; Jean-Pierre Jutras, 266,580
Total pro group involvement: 112,500 (two placees)
Finders' fees: Industrial Alliance Securities, $975 cash; Richardson GMP Ltd., $1,650 cash
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.
© 2018 Canjex Publishing Ltd. All rights reserved.