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Hemostemix 127,211,704-share private placement

2020-12-18 20:36 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 27, 2020.

Number of shares:  127,211,704 common shares

Purchase price:  one cent per share

Warrants:  127,211,704 share purchase warrants to purchase 127,211,704 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, then 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:  42 placees

Insiders:  investor company in trust for Peter Lacey, 22,577,800; Ltus Ltd. (Loran Swanberg), 5,058,904; Landsman Properties Ltd. (Loran Swanberg), 7,625,000; Thomas Smeenk, 10 million

Total pro group involvement:  five million (five placees)

Finders' fees:  $2,400 and 12,000 units (240,000 units preconsolidation) payable to Haywood Securities Inc.; $23,460 and 117,300 units (2,346,000 units preconsolidation) payable to PI Financial Corp.; $800 and 44,000 units (880,000 units preconsolidation) payable to Leede Jones Gable Inc.; $47,009.36 and 195,046 units (3,900,936 units preconsolidation) payable to Stryker 11 Inc.; $2,720 and 13,600 units (272,000 units preconsolidation) payable to Fidelity Clearing Canada ULC; $24,040 and 120,200 units (2,404,000 units preconsolidation) payable to Timothy Chang (Each unit comprises one common share and one common share purchase warrant, each warrant being exercisable at $1 (five cents preconsolidation) for 12 months from closing date.)

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