The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 30, 2018.
Shares: 5,202,000
Price: 25 cents
Warrants: 2,601,000 share purchase warrants to purchase 2,601,000 shares
Exercise price: 50 cents for two years
Placees: 23
Pro group: one placee (400,000 shares)
Finders' fees: Leede Jones Gable $12,250 and 49,000 warrants; Bellotti Capital Partners $24,150 and 96,600 warrants;Raymond James Ltd. $2,835 and 11,340 warrants; warrants are exercisable at 60 cents for 24 months
The finders' warrants will have an acceleration provision whereby ifthe closing price of the company's common shares on the TSX-V is at a price equal to or greater than 60 cents for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants, whereby the warrants will expire 30 days from the date of the notice to the warrantholders.
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