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Uniserve Communications Corp (4)
Symbol C : USS
Shares Issued 36,391,237
Close 2018-07-11 C$ 0.18
Recent Sedar Documents

Uniserve 28,021,429-share private placement

2018-07-11 21:12 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 5, 2018.

Number of shares:  28,021,429 shares

Purchase price:  14 cents per share

Warrants:  28,021,429 share purchase warrants to purchase 28,021,429 shares

Warrant initial exercise price:  16 cents

Warrant term to expiry:  one warrant exercisable for one additional common share at 16 cents per share as to one-fourth of the warrants being issued for a nine-month period and the remaining three-fourths being issued at 20 cents per share for a two-year period

Number of placees:  33 placees

Insiders:  369 Terminal Holdings Ltd. (Michael Scholz), 11.5 million; Earnest Beaudin, 350,000; Louis Vincent Gave, 1.45 million; Walter Schultz, 180,000

Total pro group involvement:  1,105,000 (four placees)

Finders' fees:  Canaccord Genuity Capital, $24,024 cash and 171,600 warrants (The warrants forming part of the finder's fee are being issued on the same terms and conditions as the units being offered.); Mark Gunderson, $50,000 cash (finder is receiving cash only, no warrants); Echelon Wealth Partners, $8,400 cash and 60,000 warrants (The warrants forming part of the finder's fee are being issued on the same terms and conditions as the units being offered.); Leede Jones Gable $52,080 cash and 372,000 warrants (The warrants forming part of the finder's fee are being issued on the same terms and conditions as the units being offered.); Wellington Altus, $40,000 cash and 285,714 warrants (The warrants forming part of the finder's fee are being issued on the same terms and conditions as the units being offered.)

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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