On July 25, 2017 the Company announced it had closed its non-brokered private placement, issuing 1,727,075 units at $1.05 per unit for total proceeds of $1,813,500. Each unit is comprised of one ordinary share and one share purchase warrant. Each share purchase warrant is exercisable to purchase an ordinary share at a price of $2.00 for a period of two years. Above is taken from, Subsequent Event - Management Discussion and Analysis as of June 30, 2017 filed on www.sedar.com
Travel and investor relations expenses
Travel and investor relations expenses include international flights, travel within Brazil, public relations and attendance at trade shows. Investor relation expenses increased in the three months ended December 31, 2017 ($86k for 3 months and for 12 months $196k) as a result of marketing activity following the private placement financing completed in July 2017.
And this is from their last statement on sedar for period ending June 30, 2018
Travel and investor relations expenses
Travel and investor relations expenses include international flights, travel within Brazil, public relations and attendance at trade shows and promotional costs. Investor relation expenses increased by $91,000
as a result of the contractual marketing and promotion costs agreed in the third quarter of 2017. These costs were prepaid and continue to be released to the income statement over the duration of the contract term.
|
