IDENTILLECT TECHNOLOGIES CORP. ("ID")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 29, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 09, 2017:
Number of Shares: 8,333,333 shares
Purchase Price: $0.12 per share
Number of Placees: 20 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Managerial Insights LLC (Todd Sexton) Y 300,000
Natgar Capital Corp. (Jeff Durno) Y 250,000
Aggregate Pro Group Involvement P 1,500,000
[1 Placee]
Finder's Fee: Haywood Securities Inc. - $30,720 cash and 256,000 Broker's Warrants exercisable at $0.12 for a period of one year
Cannacord Genuity Corp. - $4,200 cash and 35,000 Broker's Warrants exercisable at $0.12 for a period of one year
Pursuant to Corporate Finance Policy 4.1, Section 1.9 (e), the Company issued a news release dated November 22, 2017announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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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