The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 3, 2020.
Number of shares: 10.5 million shares
Purchase price: 30 cents per share
Warrants: 5.25 million share purchase warrants to purchase 5.25 million shares
Warrant initial exercise price: 45 cents
Warrant term to expiry: 18 months
Number of placees: four placees
Insider: 2176423 Ontario Ltd. (Eric Sprott), 10 million
Finders' fees: Mackie Research Capital Corp., 151,500 shares and 75,750 warrants;
Richardson GMP Ltd., $45,450 cash
Finder's warrant initial exercise price: 45 cents
Finder's warrant term to expiry: 18 months
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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