UNIVERSAL PROPTECH INC. ("UPI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 18, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 11, 2021:
Number of Shares: 4,027,779 shares
Purchase Price: $0.21 per share
Warrants: 2,013,890 share purchase warrants to purchase 2,013,890 shares
Warrant Exercise Price: $0.30 for a two year period
Number of Placees: 35 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 887,800
[8 placee(s)]
Finder's Fee: $67,666, plus 322,222 compensation options, each exercisable for a period of two years at a price of $0.21 into one common share and one half of one warrant at the same terms as above, payable to Foundation Markets 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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