2020-07-07 18:50 ET – Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 11, 2020.

Number of shares:  15 million shares

Purchase price:  10 cents per share

Warrants:  7.5 million share purchase warrants to purchase 7.5 million shares

Warrant exercise price:  25 cents for a one-year period

Number of placees:  72 placees

Total pro group involvement:  650,000 (five placees)

Finders’ fees:  Leede Jones Gable Inc., $32,000 in cash payments and 320,000 broker warrants; EMD Financial Inc., $9,800 in cash payments and 98,000 broker warrants; PI Financial Corp., $48,000 in cash payments and 480,000 broker warrants; Echelon Wealth Partners Inc., $1,600 in cash payments and 16,000 broker warrants; Ocean Wall Ltd., $11,200 in cash payments and 112,000 broker warrants (Each broker warrant will be exercisable at 10 cents for one common share of the company for a 12-month period from the date of issuance.)

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