The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 31, 2019.
Number of shares: 1,084,918 shares
Purchase price: 40 cents per share
Warrants: 542,459 share purchase warrants to purchase 542,459 shares
Warrant initial exercise price: 75 cents
Warrant term to expiry: two years
Number of placees: three placees
Insider: Hendrik van Alphen, 175,000
Finder's fee: The Ivy Consulting Group LLC, $21,000 cash and 52,000 warrants
Finder's warrant initial exercise price: 40 cents
Finder's warrant term to expiry: finder warrants -- 7 per cent of units placed, non-transferable, exercisable for two years 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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