The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement as announced in a news release dated May 20, 2020.
Number of securities: 6.25 million charity flow-through common shares
Purchase price: $2.52 per charity flow-through common share
Warrants: 3,125,000 share purchase warrants to purchase 3,125,000 shares
Warrants exercise price: $2.10 per share until Dec. 17, 2021
Number of placees: 55 placees
Insiders: Eric Sprott, 1,429,000;
Bryan Coates, 59,500
Finders' fees: PI Financial Corp., Canaccord Genuity Corp., Laurentian Bank Securities Inc. and Haywood Securities Inc. received cash commissions totalling $1,011,646.84 and 375,000 non-transferable compensation options. Each compensation option entitles its holder to purchase one common share of the company at a price of $2.10 per share until Dec. 17, 2021.
The company has confirmed the closing of the private placement in a news release dated June 17, 2020.
© 2020 Canjex Publishing Ltd. All rights reserved.