The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of securities: 1,515,000 flow-through common shares; 15,414,998 non-flow-through common shares
Purchase price: seven cents per flow-through common share; 5.5 cents per non-flow-through common share
Warrants: 15,414,998 share purchase warrants to purchase 15,414,998 common
Warrants exercise price: 5.5 cents per share during a period of 24 months from the closing date
Number of placees: 33 placees
Insiders: Corporation Financiere SKTM Ltee., 515,000;
Steven Brunelle, 181,818
Finders' fees: Arm's-length finders received a total cash commission of $9,047.50 and non-transferable finders' warrants to purchase 129,400 common shares at a price of 10 cents per share for a 24-month period from the closing date.
The company has confirmed the closing of the private placement in a news release dated July 23, 2020.
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