The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced May 22, 2020.
Number of shares: 20 million shares
Purchase price: 50 cents per share
Warrants: 20 million share purchase warrants to purchase 20 million shares
Warrant exercise price: $1.10 for a five-year period
Number of placees: 93 placees
Insiders: Daniel Kunz, 800,000;
Andrew Bowering, 1.2 million;
Gregory Liller, 120,000;
New Dawn Holdings Ltd. (Paul Larkin), 100,000;
Murray John, 400,000
Total pro group involvement: 160,000 (four placees)
Agents' fees: Clarus Securities Inc., $184,300 cash;
Desjardins Securities Inc., $184,300 cash;
Trinity Advisors Corp., 1.2 million warrants (Each warrant is exercisable into one common share at $1.10 until June 12, 2025.)
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