The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 28, 2020.
Number of shares: 6.96 million common share units (Each unit consists of one common share and one-half of one common share purchase warrant.)
Purchase price: 20 cents per unit
Warrants: 3.48 million warrants to purchase 3.48 million common shares
Warrant exercise price: 30 cents for a period of two years from the closing date
Number of placees: 32 placees
Insiders: Jeffrey Howard Chisholm, 200,000;
David Hergeinhein, 250,000;
Jared Lukomski, 50,000;
Cameron Taylor, 250,000;
Bryden Wright, 25,000
Total pro group involvement: 150,000 (one placee)
Finder's fee: $14,000 cash commission and 70,000 broker warrants payable to PI Financial Corp. (Each broker warrant is exercisable at 30 cents per share until Nov. 9, 2022.)
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