The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of securities: 109,900 common shares
Purchase price: 58 Canadian cents per common share
Convertible debenture: $800,000 (U.S.)
Conversion price: convertible into a maximum of 1,452,215 common shares of the company at a conversion price of 70 Canadian cents per common share
Maturity date: April 2, 2021
Interest rate: 8.0 per cent per annum
Number of placees: one placee
Insider/pro group participation: none
Finder's fee: none
The company has confirmed the closing of the private placement in news releases dated Jan. 26, 2021, and March 26, 2021.
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