Momentum Public Relations
Press Release: November 5, 2018
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 31, 2018.
Number of shares: 8.45 million shares
Purchase price: eight cents per share
Warrants: 8.45 million share purchase warrants to purchase 8.45 million shares
Warrant initial exercise price: 10 cents
Warrant term to expiry: two years
Number of placees: 18 placees
Insiders: Johan Grandin, 500,000
Total pro group involvement: 500,000 (one placee)
Finder’s fee: Mackie Research Capital Corp., $9,000 cash and 112,500 warrants
Finder’s warrant initial exercise price: 10 cents
Finder’s warrant term to expiry: two years
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.