A total of 5,000,000 units (the 'Units') have been subscribed for at a price of
The Company further announces that it will be offering up to 13,333,333 units at
The financing is available to accredited investors as well as all shareholders of record of the Company as at
Subscribers proposing to purchase Units under the Existing Shareholder Exemption may not purchase more than
If the offering is over-subscribed, it is possible that a shareholder's subscription may not be accepted by the Company even though it is received. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions management of the Company reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions. There is no minimum amount that will be required to be raised pursuant to the Existing Shareholder Exemption portion of the offering
Any person who becomes a shareholder of the Company after the Record Date is not permitted to participate in the offering using the Existing Shareholder Exemption but other exemptions may still be available to them. Shareholders who became shareholders after the Record Date should consult their professional advisors when completing their subscription form to ensure that they use the correct exemption.
Those interested in participating in the offering should contact the Company as noted below. Information on the Company is reported in the Company's public documents filed on SEDAR. There are no undisclosed material facts or material changes in respect of the Company.
Contact:
Tel: 604-729-5312
This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities offered under the offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or the securities laws of any state of
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