The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 5, 2023.
Number of shares: 21,477,500 shares
Purchase price: five cents per share
Warrants: 21,477,500 share purchase warrants to purchase 21,477,500 shares
Warrant exercise price: 10 cents for a two-year period
Number of placees: 22 placees
Aggregate existing insider involvement: two insiders, 6.3 million
shares
Finder's fee:
$33,915, 678,300 warrants
Finder's warrants terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of 10 cents for a period of two years from the date of issuance.
The company issued news release on Dec. 20, 2023, and Jan. 19, 2024, confirming closing of the private placement.
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