The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Dec. 4, 2019.
Convertible debenture: $7,866,000 face value
Conversion price: convertible at 45 cents into 17.48 million shares and 7,866,000 warrants
Maturity date: Dec. 23, 2021
Warrants: Each warrant is exercisable into one common share at 45 cents until Dec. 23, 2022.
Interest rate: 12 per cent per annum
Number of placees: 58 placees
Agents' fees: PI Financial Corp., $153,137.87 cash and 355,687 broker warrants payable;
Canaccord Genuity Corp., $117,660.17 cash and 286,223 broker warrants payable;
Beacon Securities Ltd., $19,945.01 cash and 48,360 broker warrants payable;
Paradigm Capital Inc., $11,632.51 cash and 28,330 broker warrants payable;
Leede Jones Gable Inc., 8,012 broker warrants payable;
Haywood Securities Inc., 2,003 broker warrants payable (Each broker warrant is exercisable into one common share at 41.5 cents until Dec. 23, 2021.)
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