SQI DIAGNOSTICS INC. ("SQD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 3, 2017:
Number of Shares: 31,061,300 shares
Purchase Price: $0.15 per share
Warrants: 31,061,300 share purchase warrants attached to purchase 31,061,300 shares
Warrant Exercise Price: $0.20 for a five year period
Number of Placees: 39 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
National Bank Financial ITF Gerald Connor Y 6,666,667
(Gerald Connor)
National Bank Financial ITF Wilmot Matthews Y 6,666,667
(Wilmot Matthews)
Hanover Investments Corporation LTd. Y 6,666,667
(Clive Beddoe)
Patricia Lie Y 20,000
RBC Dominion Securities ITF Andrew Morris Y 66,666
(Andrew Morris)
Eric Brouwer Y 20,000
Aye Nyein San Y 10,000
Aggregrate Pro Group Involvement P 1,500,000
[2 placees]
Finders' Fees: an aggregate of $74,739 plus 463,260 finders' warrants (each exercisable into one common share at a price of $0.20 for a three year period) is payable to Leede Jones Gable Inc. 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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