So a Bit MORE Share DILUTION as Compensation Payments eh!
BUT__Have NOT SEEN THIS Very Often__All the 25 MILLION Placement Shares
Are FREE TRADING__As of RIGHT NOW__NO USUAL 4 MONTH HOLD Period !!!!!
In connection with the Offering, the Agents received an aggregate cash fee equal to $204,450. In addition, the Company issued to the Agents
1,022,250 non-transferable compensation options (the “Compensation Options”). Each Compensation Option entitles the holder thereof to purchase one Common Share at an exercise price equal to the Offering Price for a period of 36 months following the Closing Date.
In addition, the Company has also paid the Agents a corporate finance fee of $83,000, plus applicable taxes. In addition, the Agents received 417,000 corporate finance fee Compensation Options, to purchase an equal number of Common Shares, subject to adjustment in certain circumstances, at the Offering Price for a period of 36 months following the Closing Date.
The Common Shares and Warrants issued pursuant to the Offering will not be subject to a statutory 4-month hold period pursuant to applicable Canadian securities laws as the Offering was completed pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The Compensation Options will be subject to a statutory 4 month hold period pursuant to applicable Canadian securities laws.