The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement as announced in news releases dated July 24, 2019, and Aug. 7, 2019.
Number of securities: 20,626,666 non-flow-through common shares;
3,030,200 federal flow-through common shares;
11,457,224 Quebec flow-through common shares
Purchase price: 15 cents per non-flow-through common share;
16.5 cents per federal flow-through common share;
21 cents per Quebec flow-through common share
Warrants: 10,313,333 warrants under non-flow-through common share units to purchase 10,313,333 common shares
Warrant exercise price: 21 cents for a period of 24 months ending Aug. 23, 2021
Number of placees: 42 placees
Insiders: Tony Brisson, 47,620;
Jean Dion, 238,096;
Denis V. Lachance, 166,667;
Hubert Parent-Bouchard, 47,620
Total pro group involvement: 3,664,771 (six placees)
Finders' fees: Three finders received a cash commission totalling $214,067 and 1,192,626 warrants, each to purchase one common share at a price of 21 cents, expiring on Aug. 23, 2021.
The company has confirmed the closing of the private placement in a news release dated Aug. 23, 2019.
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