ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
Private Placements
On December 10, 2020 we entered into private placements for aggregate gross
proceeds of US $22,737 (Cnd$32,100) (the "Offering"). Under the Offering, the
Corporation issued an aggregate of 535,000 units ("Units"), at a price of US
$.0425 (CND$0.06) per Unit. Each Unit was comprised of one common share in the
capital of the Corporation (each a "Common Share") and one Common Share purchase
warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common
Share at a price of CND$0.12 for a period of 30 months from the closing date.
On December 17, 2020 the Corporation entered into a private placement agreement
for aggregate proceeds of US 121,770 (CND $172,200). The Corporation issued an
aggregate of 2,460,000 units ("Units") at a price of US$.0495 (CND$0.07). Each
Unit was comprised of one Common Share and one-half Warrant under the same terms
as the Offering. Each Warrant entitles the holder to purchase one Common Share
at a price of CND$0.20 for a period of 30 months from the closing date.
On December 17th 2020, the Corporation issued 245,000 share purchase warrants in
connection with the above private placements. This share purchase warrants have
an exercise price of CND $0.20 per share and which may be exercised at any time
from the issuance date and expire on June 17th 2023.
Grant of Options
On December 17th, 2020 the Corporation issued 1,600,000 incentive stock options
pursuant to the company's stock 2013 Long-Term Incentive Equity Plan. The stock
option exercise price is CND $.10 per share, the options have a two-year term
and are exercisable any time prior to December 17th, 2022.
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