The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 16, 2014.
First tranche
Number of shares: 2.4 million shares
Purchase price: Five cents per share
Warrants: 2.1 million share purchase warrants to purchase 2.1 million shares
Warrant exercise price: 10 cents or a two-year period
Number of placees: 16 placees
Insiders: Frances Petryshen, 100,000; Ridge Resources Ltd., 300,000
Finder's fee: $2,000 plus 40,000 warrants exercisable at 10 cents per share for two years is payable to Canaccord Genuity Corp.