Post by
ALTEL on Aug 29, 2017 9:18pm
MD+A released today
At June 30, 2017, the Corporation had cash of $6,178,338
•
Between August 30, 2016 and September 21, 2016, the Corporation issued 30,957,081 common shares at a price of $0.35 per share for gross proceeds of $10,834,978. Share issuance costs include accrued legal fees of $25,509, cash commissions of $373,523
, issuance of 1,296,967 shares for finders’ fees at a price of $0.35
per share, and issuance of 2,183,044 finders’ warrants
. Each finder’s warrant is exercisable at $0.35 for a
period of 12 months.
•
On June 15, 2016, the Corporation issued 700,000 common shares at a price of $0.15 per share for gross proceeds of $105,000
•
On May 30, 2016, the Corporation issued 2,667,551 common shares at a price of $0.15 per share for gross proceeds of $400,133.
•
On April 12, 2016, the Corporation issued 8,329,333 common shares at a price of $0.15 per share for gross proceeds of $1,249,400.
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Between January 14 and February 12, 2016, the Corporation closed an offering (“Units Offering”) of 2,000,000 units at a price of $0.05 USD per unit for gross proceeds of USD $100,000 (CAD $141,120). Each unit comprised of one common shar
e and one share purchase warrant. Each warrant is exercisable at USD $0.10
for a period of 36 months.