Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.6.0.2
Subsequent Events
9 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
15. Subsequent Events

 

(a) On January 1, 2017, PGTC entered into a one year tooling development agreement with a non-related party to begin tooling for pending projects in advance of orders to facilitate shorter delivery times. Pursuant to the agreement, PGTC will pay $160,198 (RBM1,050,000), on the 12-month anniversary of the acceptance of the system.
     
(b) On January 1, 2017, PGTC entered into a nine month sales and marketing agreement with a non-related party to conduct sales and marketing services for the scrubber system in China. Pursuant to the agreement, PGTC will pay $160,198 (RBM1,050,000), on the nine-month anniversary of the acceptance of the system.
     
(c) On January 3, 2017, the Company received share subscription proceeds of $120,002 for shares of common stock at a price of $1.70 per share relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Notes 10(i) and (j).
     
(d) On January 4, 2017, the Company received share subscription proceeds of $100,001 for shares of common stock at a price of $1.70 per share relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Note 10(j).
     
(e) On January 5, 2017, the Company received share subscription proceeds of $51,000 for shares of common stock at a price of $1.70 per share relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Note 10(j).

 

(f) On January 17, 2017, the Company received share subscription proceeds of $25,000 for shares of common stock at a price of $1.70 per share relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Note 10(j).
     
(g) On January 18, 2017, the Company received share subscription proceeds of $200,000 for units at a price of $1.50 per unit relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Note 10(l). Each unit consisted of one share of common stock, one share purchase warrant exercisable at $1.50 per share for a term of one year and one share purchase warrant exercisable at $1.50 per share for a term of two years.
     
(h) On January 20, 2017, the Company received share subscription proceeds of $25,000 for shares of common stock at a price of $1.70 per share relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Note 10(j).
     
(i) On January 27, 2017, the Company received share subscription proceeds of $200,000 for units at a price of $1.50 per unit relating to a non-brokered private placement, which was recorded as share subscriptions receivable as at December 31, 2016. Refer to Note 10(l). Each unit consisted of one share of common stock, one share purchase warrant exercisable at $1.50 per share for a term of one year and one share purchase warrant exercisable at $1.50 per share for a term of two years.