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: 8,599,966 flow-through (FT) shares and 1,616,154 non-flow-through (NFT) shares
Purchase price: 30 cents per FT share and 26 cents per NFT share
Warrants:
5,108,063 share purchase warrants to purchase 5,108,063 shares
Warrant exercise price:
39 cents for a two-year period
Number of placees: 14 placees
Aggregate existing insider involvement: one insider, 76,923 NFT shares
Finder's fee:
$65,100, 430,766 NFT shares, 863,419 warrants
Finder's warrants terms:
Each non-transferable warrant entitles the holder to purchase one common share at the price of 39 cents for period of two years from the date of issuance.
The company issued news releases on Dec. 7, 2023, Dec. 18, 2023, Dec. 29, 2023, and Jan. 16, 2024, confirming closing of the private placement.
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