The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 18, 2023.
Number of shares: 68,174,750 shares
Purchase price: eight cents per share
Warrants: 68,174,750 share purchase warrants to purchase 68,174,750 shares
Warrant exercise price: 12 cents for a three-year period
Number of placees: 106 placees
Aggregate existing insider involvement:
one insider, three million shares
Aggregate pro group involvement:
one group, 225,000 shares
Finder's fee: $149,644, 5,062,210 warrants
Finders' warrants terms: 4.95 million warrants entitles the holder to purchase one common share at the price of eight cents for period of two years from the date of issuance; 112,210 warrants entitles the holder to purchase one common share at the price of 12 cents for period of three years from the date of issuance
The company issued a news release on Oct. 30, 2023, and Nov. 1, 2023, confirming closing of the private placement.
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