The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced April 6, 2021, and April 9, 2021.
Number of shares: 3,536,057 common shares
Purchase price: $1.25 per share
Warrants: 3,536,057 share purchase warrants to purchase 3,536,057 common shares
Warrant exercise price: $1.75 for a two-year period
Number of placees: 86 placees
Insiders: Steven Archambault, 51,000; Elisabeth Preston, 20,000; David Luxton, 1,000
Finders' fees: an aggregate of $288,404.99 in cash and 230,724 finders' warrants payable to PI Financial Corp. and Beacon Securities Ltd. (Each finder's warrant is exercisable at $1.25 per share for a period of two years.)