The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 31, 2023.
Number of shares: 29,528,458 common shares
Purchase price: 17.5 cents per flow-through share
Warrants: 29,528,458 share purchase warrants to purchase 29,528,458 common shares
Warrant exercise price: 14,764,229 warrants at 36 cents per share and 14,764,229 warrants at 40 cents per share for a period of five years
Number of placees: 10 placees
Total insider involvement: 28,942,858 (five insiders)
The company has issued a new release announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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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