RE:RE:RE:RE:Added more
from their May 1 news release " In other news, the Company wishes to provide an update regarding its previously announced brokered private placement with Canaccord Genuity Corp. (the Agent) consisting of up to: (i) 10,000,000 flow-through units of the Company (Flow-Through Units) at a price of $0.30 per Flow-Through Unit; and (ii) 2,000,000 non-flow-through units of the Company (Common Units) at a price of $0.26 per Common Unit, to raise aggregate gross proceeds of up to approximately $3,520,000 (the Offering). The Offering is also subject to an over-allotment option whereby the Agent may increase the Offering by up to 15%. The Offering will also now be available to existing securityholders of the Company utilizing BC Instrument 45-534Exemption fromProspectus Requirements for Certain Trades to Existing Securityholdersand other provincial equivalents (collectively, the Existing Security Holder Exemptions). The Company will make the Offering available to all shareholders of the Company as of April 30, 2018 (the Record Date) who are eligible to participate under the Existing Security Holder Exemptions and who have notified the Company of their intention to participate in the Offering. The Existing Security Holder Exemptions limit a shareholder to a maximum investment of $15,000 unless the shareholder certifies in the subscription agreement that he or she has obtained advice regarding the suitability of the investment from a registered investment dealer or otherwise qualifies to rely on another private placement exemption. In the subscription agreement, shareholders will be required to certify that, on or before the Record Date, they acquired and held, common shares of the Company. Each existing shareholder on the Record Date will be entitled to purchase Flow-Through Units and/or Common Units which will be allocated by the Agent on a first come, first served basis such that it is possible that a subscription received from a shareholder may not be accepted by the Company if the Offering is over subscribed. Any person who becomes a shareholder of the Company after the Record Date shall not be entitled to participate in the Offering under the Existing Security Holder Exemptions. There is no minimum size of the Offering."