The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 27, 2020.
Non-flow-through (NFT) shares
Number of shares: 2,525,000 shares
Purchase price: 20 cents per share
Flow-through (FT) shares
Number of shares: 405,000 shares
Purchase price: 25 cents per share
Warrants: 2,525,000 share purchase warrants to purchase 2,525,000 shares
Warrant exercise price: 25 cents for a one-year period
Number of placees: 21 placees
Insiders: 576112 B.C. Ltd. (Craig Taylor), 100,000;
Ryan Cheung, 60,000;
Max Sali, 100,000
Total pro group involvement: 5,000 (one placee)
Finders' fees: $5,250 and 21,000 broker warrants payable to Accilent Capital Management Inc.;
$87.50 and 350 broker warrants payable to Leede Jones Gable Inc.;
$1,750 and 7,000 broker warrants payable to PI Financial Corp.
(The brokers' warrants are exercisable at 25 cents per 12 months.)
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