The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 23, 2020, July 27, 2020, and Aug. 5, 2020.
Number of shares: 8,189,821 shares
Purchase price: $2.05 per share
Warrants: 4,094,910 share purchase warrants to purchase 4,094,910 shares
Warrant exercise price: $2.75 for a one-year period
Number of placees: 108 placees
Total pro group involvement: 60,573 (two placees)
Agents' fees: aggregate cash commissions of $947,186 and 491,042 broker warrants, payable to Haywood Securities Inc., Echelon Wealth Management Inc., Cormark Securities Inc., Eight Capital Corp. and Laurentian Bank Securities Inc. (Each broker warrant entitles the holder to acquire one common share at $2.05 for a one-year period.)
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