The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 24, 2020.
Convertible debenture: $15-million (U.S.)
Conversion price: convertible into shares at $3 per share
Maturity date: Jan. 12, 2026
Warrants: five million detachable warrants that are exercisable into five million shares at $3 per share for a three-year period
Interest rate: 8 per cent per annum
Number of placees: one placee
Insider: U.S. Global Investors Inc. (Frank Holmes), 6,410,256
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