Shares Share issuances
During the period ended June 30, 2017, the Company:
a)
Completed a brokered
and non-brokered private placement by issu
ing 20,693,250 units at a price of CAD$0.80
per unit for gross proceeds of C
AD$16,554,600 (
$12,309,305) of
which CAD$14,110,600 ($10,492,049) was
received during the period and CA
D$2,444,000 ($1,
817,256) was r
eceived subsequent to June 30, 2017. Each
unit consisted of one common share and one share purchase warra
nt exercisable for one year at a price of
CAD$1.05. In connection with the offering, the Company issued
finder’s fee warrants with a fair value of
$236,351 with the same terms as above and paid cash of $887,689
.
b)
Completed a non-brokered privat
e placement by issuing 13,333,33
3 units at a price of CAD$0.75 per unit for
gross proceeds of CAD$10,000,000 ($7,555,158). Each unit consi
sted of one common share and one share
purchase warrant exercisable for one year at a price of CAD$1.0
0. In connection with the offering, the Company
paid finder’s fees of 1,053,333 shares and 1,053,333 warrants w
ith the same terms as above.