The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement as announced in a news release dated Oct. 22, 2019.
Number of securities: 2.68 million non-flow-through common shares and 5,604,668 flow-through common shares
Purchase price: 12.5 cents per non-flow-through common share and 15 cents per flow-through common share
Number of warrants: 1.34 million common share purchase warrants to purchase 1.34 million common shares
Warrant price: 18 cents per warrant until June 6, 2021
Number of placees: 42 placees
Insiders: Dale Burstall, 167,000;
Jens Eskelund Hansen, 150,000;
Mathieu Brunet-Stephens, 160,000
Total pro group: 202,667 (three placees)
Finder's fee: Industrial Alliance Securities Inc. received a cash commission in the amount of $85,306.52. The agent also received 187,050 non-transferable compensation warrants to purchase 187,050 non-flow-through common shares at a price of 12.5 cents per share until Dec. 6, 2021, and 412,835 non-flow-through compensation warrants to purchase 412,835 non-flow-through common shares at a price of 15 cents per share until Dec. 6, 2021.
The company has confirmed the closing of the private placement in a news release dated Dec. 6, 2019.
© 2020 Canjex Publishing Ltd. All rights reserved.