Manitou Gold private placement
2020-11-03 16:58 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 15, 2020.
Number of shares: 12,747,777 flow-through common shares; 19,495,184 non-flow-through common shares
Purchase price: nine cents per flow-through common share; six cents per non-flow-through common share
Warrants: 19,495,184 share purchase warrants to purchase 19,495,184 common shares
Warrant exercise price: 12 cents for a two-year period
Number of placees: 30 placees
Insiders: Patrice Dubreuil, two million; Donato Sferra, two million; Richard Murphy, two million; O3 Markets Inc. (Blair Zaritsky), 12.15 million
Total pro group involvement: 1.2 million (two placees)
Finders' fees: aggregate of $79,604.77 in cash and 1,310,024 non-transferable finder warrants, payable to Haywood Securities Inc. and Canaccord Securities Inc. (Each finder's warrant entitles the holder to acquire one unit at six cents for a two-year period.)
Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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