2014-02-10 18:15 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 13, 2014.
Number of shares: 8,770,666 shares
Purchase price: 15 cents per share
Warrants: 8,770,666 share purchase warrants to purchase 8,770,666 shares
Warrant exercise price: 25 cents for an 18-month period
Number of placees: 11 placees
Finders' fees: A total of 877,066 compensation options, each exercisable at a price of 15 cents for a period of 18 months into one common share and one warrant with the same terms as above, payable to Saul Fixler, Hanna Brach and Miraiam Wider