IDENTILLECT TECHNOLOGIES CORP. ("ID")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 27, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 10, 2020:
Number of Shares: 50,000,000 shares
Purchase Price: $0.01 per share
Number of Placees: 11 Placees
Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 4,000,000
[1 Placee]
Finder's Fee: Leede Jones Gable Inc. - $9,000 cash and 900,000 Broker Warrants. Each non-transferable Broker Warrant is exercisable into one common share at a p rice of $0.05 for a period of two years.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated March 5, 2020 announcing the closing of the private placement and setting out the expiry dates of the hold period.
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