The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 9, 2021, and April 26, 2021.
Number of shares: 1,257,234 common shares
Purchase price: 35 cents per share
Warrants: 1,257,234 share purchase warrants to purchase 1,257,234 shares
Warrant exercise price: 40 cents for a two-year period (The warrants are subject to an acceleration clause that if, on any 10 consecutive trading days occurring after four months and one day have elapsed following the closing date of the offering, the closing price of the common shares on the exchange is greater than 48 cents per common share, the company may provide notice in writing to the holders of the warrants by issuance of a news release that the expiry date of the warrants will be accelerated to the 30th day after the date on which the company issues such news release.)
Number of placees: 11 placees
Insiders: Loran Swanberg, 500,000;
Thomas Smeenk, 50,000
Finders' fees: $8,750.00 and 25,000 units payable to PI Financial Corp.;
$7,515.76 and 21,474 units payable to Fidelity Clearing Canada ULC;
$9,816.80 and 28,048 units payable to Stryker 11 Inc. (Each unit comprises one common share and one common share purchase warrant exercisable at 40 cents for 12 months from closing date.)
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