SQI DIAGNOSTICS INC. ("SQD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 20, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 6, 2017:
Number of Shares: 22,970,000 shares
Purchase Price: $0.16 per share
Warrants: 22,970,000 share purchase warrants attached to purchase 22,970,000 shares
Warrant Exercise Price: $0.21 for a five year period
Number of Placees: 14 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Gerald Connor Y 6,250,000
Wilmot Matthews Y 6,250,000
Hanover Investments Corporation Ltd. Y 6,250,000
(Clive Beddoe)
Aggregate Pro Group Involvement P 700,000
[2 Placees]
Finders' Fee: an aggregate of $5,600 is payable to PI Financial Corp and Industrial Alliance Securities Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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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