The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 29, 2020.
Number of shares: 18,369,000 shares
Purchase price: one cent per share
Warrants: 18,369,000 share purchase warrants to purchase 18,369,000 shares (The warrants are subject to an acceleration clause such that if the common share of the company trading on the exchange is greater than seven cents for 10 consecutive trading days after four months and one day from the closing date, the company may accelerate the warrant expiry date to the date that is 30 calendar days following the date a news release is issued by the company announcing the reduced warrant terms.)
Warrant exercise price: five cents for a one-year period
Number of placees: eight placees
Insider: investor company in trust for Peter Lacey, 10 million
Finder's fee: none
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