The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 14, 2020.
Number of shares: 15,632,000 shares
Purchase price: eight cents per share
Warrants: 15,632,000 share purchase warrants to purchase 15,632,000 shares
Warrant initial exercise price: 15 cents
Warrant term to expiry: one year
Number of placees: 27 placees
Insiders: 1113272 B.C. Ltd. (Ronald Coombes), 1.25 million;
Scott Davis, 500,000;
Rodger Young, 1.25 million
Finders' fees: Canaccord Genuity Corp., $2,080 cash and 19,500 warrants;
Mackie Research Capital Corp., $7,680 cash and 72,000 warrants;
Echelon Wealth Partners, $640 cash;
Jutland Capital Management Ltd., $2,800 cash and 26,250 warrants;
Kurt Zoost, 225,000 warrants;
PI Financial Corp., $14,400 cash and 135,000 warrants
Finder's warrant initial exercise price: 15 cents
Finder's warrant term to expiry: 12 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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