Financing type: non-brokered private placement
Gross proceeds:
$448,450
Offering: 4.91 million common shares with 4.91 million warrants attached; 2,899,285 flow-through common shares with 2,899,285 warrants attached
Offering price: five cents per non-flow-through common share; seven cents per flow-through common share
Warrant exercise terms:
4.91 million warrants at a price of eight cents per listed share for a three-year period;
2,899,285 warrants at a price of 10 cents per listed share for a one-year period
Commissions in securities: 84,500 warrants
Commission terms: each non-transferable warrant is exercisable at five cents for a three-year period
Disclosure: refer to the company's news releases dated Nov. 13, 2024, Jan. 3, 2025, and June 3, 2025
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