Eskay Mining private placement

2020-07-06 19:22 ET – Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 25, 2020.

Flow-through (FT) shares

Number of FT shares:  8.95 million flow-through shares

Purchase price:  25.5 cents per flow-through share

Warrants:  4,475,000 share purchase warrants to purchase 4,475,000 shares

Warrant initial exercise price:  30 cents

Warrant term to expiry:  two years

Non-flow-through (NFT) shares

Number of NFT shares:  3,002,941 non-flow-through shares

Purchase price:  17 cents per non-flow-through share

Warrants:  1,501,470 share purchase warrants to purchase 1,501,470 shares

Warrant initial exercise price:  30 cents

Warrant term to expiry:  two years

Number of placees:  seven placees

Insider:  Gord McMehen, 2,452,941

Finder’s fee:  Haywood Securities Inc., $1,275 cash

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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