Each Unit consists of one common share and one common share purchase warrant (a 'Warrant'), with each Warrant being exercisable to acquire one common share of the Company at a price of
The proceeds of the Private Placement will be used by the Company for the general administrative and corporate purpose.
All of the securities issuable in connection with the Private Placement will be subject to a hold period expiring four months and one day after date of issuance.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '
The Company also announces it has granted incentive stock options to one consultant to purchase up to an aggregate of 100,000 Common Shares at an exercise price of
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