The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 12, 2016.
Number of shares: 22.46 million shares
Purchase price: six cents per share
Warrants: 22.46 million share purchase warrants to purchase 22.46 million shares
Warrant initial exercise price: eight cents
Warrant term to expiry: two years
Number of placees: 36 placees
Insiders: B.J. Financial Accounting Consultants Inc. (Brijender Jassal), 500,000 shares; 0800025 B.C. Ltd. (Patrick Power), 3.75 million shares; Thomas Yingling, one million shares; Lithosphere Services Inc. (Buddy Doyle), 2.45 million shares; William Ferreira, one million shares
Aggregate pro group involvement: 550,000 shares (two placees)
Finders’ fees: Canaccord Genuity Corp., $21,600 cash, 760,000 warrants; PI Financial Corp., $3,600 cash
Finder warrant initial exercise price: six cents
Finder warrant term to expiry: Each warrant is exercisable into one share at six cents per share until Dec. 29, 2018.
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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