The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced April 6, 2018, updated June 27, 2018.
Number of shares: 5,791,375 shares
Purchase price: 40 cents per share
Warrants: 2,895,687 share purchase warrants to purchase 2,895,687 shares
Warrant exercise price: 55 cents for a two-year period
Number of placees: 163 placees
Total pro group involvement: 452,500 (nine placees)
Agent’s fee: PI Financial, cash commission equal to 7.0 per cent of the gross proceeds of the offering (or 3.5 per cent on president’s list purchasers), broker warrants equal to 7.0 per cent of the number of units sold under the offering (or 3.5 per cent on president’s list purchasers) (a total 396,646 broker warrants), each broker warrant being exercisable into one common share at a price of 40 cents for a period of 24 months from the closing date of the transaction
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