Lite Access 5.04-million-share private placement

Lite Access Technologies Inc (C:LTE)

Shares Issued 59,392,098
Last Close 3/23/2021 $0.27
Tuesday March 23 2021 – Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 12, 2021, and further amended on Feb. 16, 2021.

 

Number of shares:5.04 million shares Purchase price:25 cents per share Warrants:5.04 million share purchase warrants to purchase 5.04 million shares Warrant exercise price:35 cents for a one-year period Number of placees:43 placeesInsiders:Kevin Smith, 20,000; Greg Smith, 40,000; Daniel Nanson, 20,000; Steven King, 40,000Total pro group involvement:189,000 (two placees) Finders’ fees:$14,550 cash and 58,200 broker warrants payable to Canaccord Genuity Corp.; $6,000 cash and 24,000 broker warrants payable to Haywood Securities Inc.; $42,000 cash and 168,000 broker warrants payable to National Bank Financial Inc. (Each broker warrant will be exercisable for one common share of the company at an exercise price of 35 cents for 12 months from the date of issuance.)

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