RE:Placement Closing..... Insiders include officers.
"Certain insiders of the Company, including officers, holders of 10% or more of the issued and outstanding common shares of the Company and directors of 10% holders, have agreed to acquire an aggregate 4,666,529 Units, for gross proceeds of $489,986.”
From SEDI reports, Stephan Spears participated and acquired 190.5K shares and 190.5k warrants.