TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 10, 2016:
Number of Shares: 20,166,667 shares
Purchase Price: $0.03 per share
Warrants: 20,166,667 share purchase warrants to purchase 20,166,667 shares
Warrant Initial Exercise Price: $0.05
Warrant Term to Expiry: 4 Years
Number of Placees: 22 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Maxwell Munday Y 12,000,000
Finder's Fee:
Redplug Capital Corp. $50,700.00 cash
Gordon James $3,000.00 cash
James Love $600.00 cash
The Company received a waiver to the Exchange's minimum pricing rules to complete this private placement. 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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.