The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 10, 2023.
Convertible debenture: $800,132 (Canadian) ($590,503 (U.S.))
Conversion price: convertible into 15,578,942 common shares at 5.1 Canadian cents in year 1 or 7,789,471 common shares at 10.3 Canadian cents in year 2
Maturity date: two years from issuance
Interest rate: 9 per cent per annum
Number of placees: one placee
The company issued a news release on Feb. 15, 2024, confirming the closing of the private placement.
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