The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 28, 2020.
Number of shares: 20 million shares
Purchase price: five cents per share
Warrants: 20 million share purchase warrants to purchase 20 million shares
Warrant initial exercise price: seven cents
Warrant term to expiry: two years
Number of placees: 22 placees
Insiders: Keturah Nathe, 500,000;
Richard Barnett, 400,000;
Richard Kern, 2.5 million
Total pro group involvement: 1.3 million (two placees)
Finder's fee: Canaccord Genuity Corp., $3,000 cash and 60,000 warrants
Finder's warrant initial exercise price: seven cents
Finder's warrant term to expiry: one year only
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.
© 2020 Canjex Publishing Ltd. All rights reserved.