The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Dec. 4, 2023, and Dec. 13, 2023.
Number of common shares: 63 million common shares
Purchase price: 10 cents per common share
Number of placees: 23 placees
Aggregate existing insider involvement: three insiders, 17 million shares
Broker's fee: Research Capital Corp. -- $313,480 in cash and 2.52 million broker warrants
Broker warrants terms: Each non-transferable broker warrant entitles the holder to acquire one common share at an exercise price equal to 10 cents for a period of 24 months after the closing date.
The company issued news releases on Dec. 21, 2023, Jan. 9, 2024, and Jan. 16, 2024, confirming closing of the private placement.
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