The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 1, 2023, and increased on Aug. 4, 2023.
Number of shares: 7,382,562 charity flow-through (CFT) shares;
1,521,739 flow-through (FT) shares
Purchase price:
25 cents per CFT share; 23 cents per FT share
Warrants: 4,452,151 share purchase warrants to purchase 4,452,151 shares
Warrant exercise price: 25 cents for a three-year period
Number of placees: 17 placees
Aggregate existing insider involvement: six insiders,
1,772,000 CFT shares and
1,037,891 FT shares
Aggregate pro group involvement:
one group, 35,000 FT shares
Finder's fee:
$100,000
The company issued a news release on Aug. 24, 2023, and Sept. 5, 2023, confirming closing of the private placement.
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