2017-02-27 18:09 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 9, 2017, Jan. 24, 2017, Jan. 25, 2017, and Feb. 1, 2017.
Number of shares: 18 million shares
Purchase price: five cents per share
Warrants: 18 million share purchase warrants to purchase 18 million shares
Warrant exercise price: 15 cents for a two-year period
Number of placees: 29 placees
Insiders: Metropolitan Ballet Academy Inc. (Craig Walker), 100,000; Mosman Oil and Gas Limited (John Barr), 1.6 million
Finder's fee: $5,425 payable to Li Wei
The company issued a news release on Feb. 24, 2017, confirming closing of the private placement. 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.