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Wednesday, July 26, 2017 11:52:39 AM
(For American's that's $0.05995 USD today)
On November 25, 2016, the Company closed a private placement whereby it issued 14,498,664 units at a purchase price of $0.075 per unit for gross proceeds of $1,087,400. Each unit consists of one common share and one share purchase warrant entitling the holder to acquire one common share at a price of $0.15 per share for a period of three years from the closing of the private placement. The Company incurred $8,789 of share issues costs for filing and legal fees.
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