The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Feb. 14, 2022, and Feb. 25, 2022.
Number of shares: 26,136,345 shares
Purchase price: 33 cents per share
Warrants: 13,068,172 share purchase warrants to purchase 13,068,172 shares
Warrant exercise price: 50 cents for a two-year period
Number of placees: 191 placees
Insiders: Daryl Rebeck, 300,000;
William J. Frain, 100,000
Total pro group involvement: 4,280,499 (28 placees)
Brokers' fees: Canaccord Genuity Corp. received $632,107.88 cash, 1,516,544 broker's warrants, a $50,000 corporate finance cash fee and 303,030 corporate finance shares. PI Financial Corp. received $26,692 cash and 107,870 broker's warrants. Haywood Securities Inc. received 158,041 broker's warrants. Research Capital Corp. received 3,000 broker's warrants. Leede Jones Gable Inc. received 181,818 broker's warrants. TD Waterhouse Canada Inc. received 29,090 broker's warrants. Each broker's warrant is exercisable to purchase one common share at an exercise price of 33 cents for a two year-period until March 17, 2024.
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