The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 20, 2020, and Aug. 21, 2020.
Number of shares: 27.55 million shares
Purchase price: five cents per share
Warrants: 27.55 million share purchase warrants to purchase 27.55 million shares
Warrant exercise price: 15 cents for a two-year period
Number of placees: 94 placees
Insiders: Minaz Deji, 1.5 million;
George Cavey, 300,000
Total pro group involvement: 3.78 million (18 placees)
Finders' fees: an aggregate of $48,720 in cash and 939,400 finders' warrants payable to Haywood Securities Inc., PowerOne Capital Markets Ltd., Mackie Research Capital Corp. and Michael Cornis (Each finder's warrant entitles the holder to acquire one common share at 15 cents for a two-year period.)
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