The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 19, 2018.
Number of shares: 11,257,500 shares
Purchase price: eight cents per share
Warrants: 11,257,500 share purchase warrants to purchase 11,257,500 shares
Warrant initial exercise price: 12 cents
Warrant term to expiry: two years
Number of placees: 42 placees
Insiders: Cross Dave, 275,000; RAS Capital Corp. (Ron Schmitz), 100,000
Total pro group involvement: 250,000 (one placee)
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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