The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 10, 2020.
Number of shares: 10 million shares
Purchase price: 20 cents per share
Warrants: 10 million share purchase warrants to purchase 10 million shares
Warrant initial exercise price: 30 cents
Warrant term to expiry: two years
Number of placees: one placee
Insider: 2176423 Ontario Ltd. (Eric Sprott), 10 million
Finder's fee: Mackie Research Capital Corp., 600,000 shares and 600,000 warrants
Finder's warrant initial exercise price: 30 cents
Finder's warrant term to expiry: valid for two years from closing
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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