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Message: Kwesst Micro Systems 3,536,057-share private placement

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.)

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