The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of shares: 7,671,407 flow-through shares
Purchase price: 43 cents per share
Warrants: 3,835,704 share purchase warrants to purchase 3,835,704 shares
Warrant exercise price: 50 cents for a two-year period, subject to accelerated expiry
Number of placees: 12 placees
Insider: John Mirko, 116,280
Finders' fees: Glores Securities Inc. received $128,700 cash and 149,651 finder's warrants. QWest Investment Fund Management Ltd. received $52,500.06 cash and 61,047 finder's warrants. Arthur Perna received $14,000 cash and 16,279 finder's warrants. Ascenta Finance Corp. received $1,204 cash and 1,400 finder's warrants. Each finder's warrant is exercisable to purchase one common share at an exercise price of 50 cents for a two-year period, subject to accelerated expiry.
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