The TSX Venture Exchange has accepted for filing the company's proposal to issue 60,355,000 bonus warrants in consideration of an extension to the maturity dates of debentures in the principal amount of $3,017,750 to June 30, 2022, and Sept. 30, 2023. The loans bear interest at 12.5 per cent per annum. The bonus warrants are exercisable into common shares at five cents per share until June 30, 2022, and Sept. 30, 2023.
John Wisbey 30,000,000
Killik (John Wisbey) 23,400,000
Maurice Brooks 2,800,000
Anthony Kovacs 2,120,000
Ross Thompson 1,660,000
Nicholas Davies 375,000
For more information, refer to the company's news release dated Jan. 6, 2021.
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