The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement as announced on Dec. 17, 2018.
Number of shares: 20,032,666 shares
Purchase price: 7.5 cents per share
Warrants: 20,032,666 share purchase warrants to purchase 20,032,666 shares
Warrant exercise price: 15 cents for a 24-month period, subject to acceleration clause
Number of placees: 59 placees
Total pro group involvement: 3,046,666 (11 placees)
Finders' fees: Finders collectively received $82,693 in cash and 1,102,570 common share purchase warrants at 15 cents until Dec. 28, 2020, subject to acceleration clause.
The company issued news releases on Dec. 28, 2018, confirming the closing of the private placement.
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