The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 24, 2018.
Number of shares: 18,649,000 shares
Purchase price: 20 cents per share
Warrants: 18,649,000 share purchase warrants to purchase 18,649,000 shares
Warrant exercise price: 30 cents for a three-year period, subject to an acceleration clause
Number of placees: 14 placees
Insiders: Conex Services Inc. (Glenn Walsh), 9,219,000;
Lake Forest Development (Geoff Hampson), two million
Finders' fees: Echelon Wealth Partners Inc., $2,800 cash and 14,000 finder's warrants payable; National Securities Corp., $23,725.37 (in aggregate) and 20,550 finder's warrants (Each finder's warrant is exercisable at 30 cents into one common share for three years from closing, subject to an acceleration clause.)
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