The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 7, 2021, and Jan. 11, 2021.
Number of shares: 15,625,000 shares
Purchase price: eight cents per share
Warrants: 15,625,000 share purchase warrants to purchase 15,625,000 shares
Warrant exercise price: 12 cents for a two-year period
Number of placees: 35 placees
Insiders: Anthony Balme, 250,000;
Kiki Smith, 100,500;
Martyn Element, 1.1 million; Phillip Thomas, 537,500
Total pro group involvement: 437,500 (one placee)
Finders' fees: Gerhard Merkel, $30,000 cash and 375,000 finder's warrants;
Buffalo Associates Ltd. (Marc Bamber), $29,840 cash and 373,000 finder's warrants;
Mackie Research Capital Corp., $2,800 cash and 35,000 finder's warrants (Each non-transferable finder's warrant is exercisable into one common share of the company at a price of 12 cents per share for a two-year period.)
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