The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 30, 2023, and increased on Nov. 6, 2023, and Nov. 10, 2023.
Number of shares:
15,016,666 non-flow-through (NFT) shares, 49,386,593 flow-through (FT) shares, 16,384,645, charity-flow-through (CFT) shares
Purchase price:
15 cents per NFT share, 17 cents per FT share, 24 cents per CFT share
Warrants:
40,393,950 share purchase warrants to purchase 40,393,950 shares
Warrant exercise price:
23 cents for a two-year period
Number of placees: 43 placees
Aggregate existing insider involvement: two insiders, 16,384,645 CFT shares and 205,900 FT shares
Aggregate pro group involvement: one group, 75,000 FT shares
Finder's fee: $92,940.12, 558,235 warrants
Finder's warrants terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of 23 cents for period of two years from the date of issuance.
The company issued news releases on Nov. 20, 2023, and Nov. 22, 2023, confirming closing of the private placement.
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