The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 19, 2020.
Number of shares: 64,774,130 common shares
Purchase price: two cents per common share
Warrants: 64,774,130 share purchase warrants to purchase 64,774,130 shares
Warrant exercise price: five cents for a period of one year
Number of placees: 54 placees
Insiders: Mark Holmes, 1.7 million;
Paul Scott, 18,239,130
Total pro group involvement: 5.25 million (five placees)
Brokers' fees/finders' fees: Industrial Alliance Securities Inc., Stephenavenue Securities Inc., Gathering Waters Ltd., Gathering Waters Ltd. II, Integral Wealth Securities Ltd. and Canaccord Genuity Corp. received an aggregate of $39,372 in cash and 1,968,600 broker warrants. Each broker warrant is exercisable into one common share at five cents for a period of one year.
For more information, please refer to the company's news releases dated Feb. 19, 2020, April 13, 2020, April 29, 2020, May 29, 2020, June 3, 2020, and July 3, 2020.
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