The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 23, 2018.
Number of shares: 11,499,998 shares
Purchase price: seven cents per share
Warrants: 5,749,999 share purchase warrants to purchase 5,749,999 shares
Warrant exercise price: 10 cents for a two-year period
Number of placees: 37 placees
Insiders: Brian Groves, 300,000;Jeff Sundar, 250,000;John Florek, 200,000;Sheryl Dhillon, 72,857;Robert Scott, 200,000;FT Management Ltd. (Maria M. Scott), 200,000;Kennan H. Hohol, 200,000
Total pro group involvement: 75,000 (one placee)
Finder's fee: Leede Jones Gable Inc., $5,600 cash and 80,000 non-transferable broker warrants exercisable at price of 10 cents for a period of two years
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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