The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 20, 2018.
Number of shares: 7,315,000 shares
Purchase price: five cents per share
Warrants: 7,315,000 share purchase warrants to purchase 7,315,000 shares
Warrant initial exercise price: 10 cents
Warrant term to expiry: one year
Number of placees: 24 placees
Insiders: Yale Simpson, 600,000; Bernard Kahlert, 100,000
Total pro group involvement: 1.19 million (five placees)
Finder's fee: Haywood Securities Inc., $6,187.50 and 123,750 finder's warrants
Finder's warrant initial exercise price: 10 cents
Finder's warrant term to expiry: one year with forced exercise, like warrants in the private placement
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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