The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 26, 2019.
Number of shares: 3,738,334 shares
Purchase price: 12 cents per share
Warrants: 3,738,334 share purchase warrants to purchase 3,738,334 shares
Warrant initial exercise price: 20 cents in the first and second years; 25 cents in the third year
Warrant term to expiry: three years
Number of placees: 18 placees
Insiders: R.S. (Tookie) Angus, 833,334; Robert Willis, 125,000
Total pro group involvement: 890,000 (six placees)
Finders' fees: Haywood Securities Inc., $10,296 cash and 85,800 warrants; Canaccord Genuity Corp., 24,000 units with the same terms as the offering; PI Financial Corp., $1,800 cash and 15,000 warrants
Finder's warrant initial exercise price: 12 cents
Finder's warrant term to expiry: one year
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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