The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of securities: 2,859,857 common shares
Purchase price: 21 cents per common share
Warrants: 1,429,928 warrants to purchase 1,429,928 common shares
Warrant exercise price: 30 cents for a period of 12 months following the closing of the private placement
Number of placees: 22 placees
Insiders: G. William Felderhof, 15,000;
Investments & Technical Management, 30,000
Total pro group involvement: 175,000 (two placees)
Finder's fee: 7 per cent in cash commissions and 7 per cent in warrants, exercisable on the same terms as set out above
Name of each broker/finder, cash compensation and warrant compensation: Leede Jones Gable Inc., $20,653.50 cash and 98,350 warrants;
Haywood Securities Inc., $1,470 cash and 7,000 warrants;
Aligned Capital Partners Inc., $4,336.50 cash and 20,750 warrants
The company has confirmed the closing of the private placement in a news release dated June 5, 2019.
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