The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of securities: 13.5 million common shares
Purchase price: 10 cents per common share
Warrants: 6.75 million share purchase warrants to purchase 6.75 million shares
Warrants exercise price: 15 cents per share for a period of 24 months following the closing of the private placement
Number of placees: 41 placees
Insiders: Mark Fedosiewich, 272,000;
Marc L'Heureux, 250,000;
Ingrid Martin, 100,000;
Charles-Olivier Tarte, 30,000;
Eric Desaulniers, 100,000
Total pro group involvement: 350,000 (one placee)
Finders' fees: Seven finders received cash commissions totalling $28,000.
The company has confirmed the closing of the private placement in a news release dated July 24, 2020.
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