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SMC Ventures 12-million-unit private placement
2018-01-03 15:16 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 22, 2017.
Number of shares: 12 million common share units (Each unit comprises one common share and one common share purchase warrant.)
Purchase price: five cents per unit
Warrants: 12 million share purchase warrants to purchase 12 million shares
Warrant exercise price: five cents per share for up to 12 months from the date of closing
Number of placees: 15 placees
Insider: W. Hugh Notman, 237,000
Total pro group involvement: 200,000 (one placee)
Finder's fee: 880,000 units payable to Michael Seifert