Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: financing

Re: "Where did you get those numbers? See Trini49's post says 2.75%"

Rocky's numbers are correct. here is a quote from the Prospectus filed on Sedar:

"The Corporation has agreed to pay the Agents a commission of seven percent (7.0%) of the aggregate gross Offering proceeds on gross Offering proceeds up to and including $10,000,000, and four percent (4.0%) on incremental gross Offering proceeds in excess of $10,000,000. In addition, the Corporation has agreed to pay to the Representative a fee of 7% of the first $10,000,000 of gross proceeds to the Corporation from any exercise of any Warrants issued in the Offering and a fee of 4% of any gross proceeds to the Corporation from the exercise of Warrants in excess of $10,000,000. In addition, the Corporation has granted the Representative a right of first refusal to act as lead underwriter or lead placement agent in any public offering or private placement of equity or debt securities by the Corporation or any subsidiary during the term of the engagement of the Representative."

Also one other quote "The Corporation has agreed in the Agency Agreement to pay the Representative a non-accountable expense allowance of $150,000 in connection with this offering, of which $25,000 has been advanced prior to the date hereof and will be reimbursed to the extent not incurred pursuant to FINRA Rule 5110(f)(2)(D). The Corporation estimates that the total expenses for the Offering will be approximately CAD$500,000, including the $150,000 nonaccountable expense allowance."

So add an extra $150,000. I guess you don't get good advice from IR for $9,000 per month.

Good luck!!

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