The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 7, 2017.
Number of shares: 17 million shares
Purchase price: 50 cents per share
Warrants: 8.5 million share purchase warrants to purchase 8.5 million shares
Warrant initial exercise price: 80 cents
Warrant term to expiry: two years
Number of placees: 228 placees
Total pro group involvement (13 placees): 670,000
Finders' fees: Mackie Research Capital Corp., $18,000 cash and 36,000 warrants; Canaccord Genuity Corp., $99,600 cash and 199,200 warrants; PI Financial Corp., $60,600 cash and 121,200 warrants; Richardson GMP, $81,600 cash and 163,200 warrants; Raymond James Ltd., $10,800 cash and 21,600 warrants; Quadra Global Capital Corp., $18,570 cash and 37,140 warrants; Frank Hogel, $6,600 cash and 13,200 warrants; Emerging Markets Capital, $5,880 cash and 11,760 warrants; Brian Morrison, $19,350 cash and 38,700 warrants; Andros Capital, $7,950 cash and 15,900 warrants; Llorn Kylo, $18,156 cash and 36,312 warrants; Roche Securities Ltd., $57,000 cash and 114,000 warrants; Chelsie Hodge $5,100 cash and 10,200 warrants; Kosta Tsoutsis, $1,500 cash and 3,000 warrants; Alligned Capital Partners Inc., $6,000 cash and 12,000 warrants; Andrew Bowering, $15,300 cash and 30,600 warrants; Graydon Harris, $1,500 cash and 3,000 warrants
Finder's warrant initial exercise price: 80 cents
Finder's warrant term to expiry: two-year warrants
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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