The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 6, 2019.
Number of flow-through (FT) shares: 2,085,000 FT shares
Purchase price: five cents per FT share
Warrants: 1,042,500 share purchase warrants to purchase 1,042,500 shares
Warrant initial exercise price: 7.5 cents
Warrant term to expiry: two years
Number of placees: four placees
Insiders: David Tafel, 340,000; James Farley, 720,000; R7 Capital Ventures Ltd. (Karim Rayani), 500,000
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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