The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 17, 2023.
Number of shares: 14,086,144 flow-through shares
Purchase price: 3.5 cents per share
Warrants: 14,086,144 share purchase warrants to purchase 14,086,144 shares
Warrant exercise price: five cents for a two-year period
Number of placees: 11 placees
Total existing insider involvement: 328,143 (one insider)
Finder's fee: $25,411.50 cash and 726,043 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of five cents for a period of two years from the date of issuance.
The company issued news releases on Nov. 10, 2023, Nov. 30, 2023, and Dec. 29, 2023, confirming the closing of the private placement. 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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