2020-07-02 19:18 ET – Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 30, 2020.
Number of shares: 5.5 million shares
Purchase price: 30 cents per share
Warrants: 2.75 million share purchase warrants to purchase 2.75 million shares
Warrant initial exercise price: 42 cents
Warrant term to expiry: two years
Number of placees: 27 placees
Finders’ fees: Luis Zapata, $2,880 cash; Thibaut Lepouttre, $4,800 cash; Orogenic Consulting Ltd., $12,240 cash and 40,800 warrants
Finder’s warrant initial exercise price: 42 cents
Finder’s warrant term to expiry: one share per warrant for a period of 24 months
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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