Last Nights News
Sernova 12,218,333-share private placement
2020-12-02 21:34 MT - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 9, 2020.
Number of shares: 12,218,333 shares
Purchase price: 30 cents per share
Warrants: 12,218,333 share purchase warrants to purchase 12,218,333 shares
Warrant exercise price: 35 cents for a two-year period, subject to an acceleration clause
Number of placees: 53 placees
Insiders: 2578606 Ontario Inc. (Deborah Brown), 100,000; Frank Holler, 83,333; Jeffrey Bacha, 16,666; James Parsons, 10,000; Philip Toleikis, 45,002
Total pro group involvement: 48,000 (one placee)
Finders' fees: Echelon Wealth Partners Inc., $3,675 cash and 12,250 finder's warrants payable; Gerhard Merkel, $15,959.98 cash and 53,200 finder's warrants payable; Hampton Securities Ltd., $20,643 cash and 68,810 finder's warrants payable; Public Eye Consulting Busche, $19,215 cash and 64,050 finder's warrants payable (Each finder's warrant is exercisable at 35 cents per common share until Sept. 22, 2022.)