The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 20, 2015.
Number of shares:12 million share
Purchase price:Eight cents per share
Warrants:Six million share purchase warrants to purchase six million shares
Warrant exercise price:14 cents for a two-year period
Number of placees:Six placees
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.
For further details, please refer to the company’s news release dated May 27, 2015.