TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of shares: 13,157,800 shares
Purchase price: 38 cents per share
Warrants: 6,578,900 share purchase warrants to purchase 6,578,900 shares
Warrant exercise price: 55 cents for a three-year period
Number of placees: 78 placees
Farrukh Anwar, 13,200;
Miriam Tuerk, 131,500; John Tuerk, 131,500
Pro groups: seven placees, 2,264,200
$285,454.00 and 751,196 broker warrants payable to Echelon Wealth Partners Inc.
Agent warrant exercise price: 38
Agent warrant term to expiry: Dec. 22, 2023
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the company has issued a news release announcing the closing of the private placement on Dec. 22, 2020, and setting out the expiry dates of the hold period(s).
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