The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 2, 2023, and amended on Aug. 17, 2023.
Number of shares: 2,047,500 non-flow-through (NFT) shares and 1,330,833 flow-through (FT) shares
Purchase price: 10 cents per NFT share and 12 cents per FT share
Warrants: 1,689,167 share purchase warrants to purchase 1,689,167 shares
Warrant exercise price: 15 cents for a two-year period
Number of placees: 19 placees
Aggregate existing insider involvement:
three insiders, 360,000 FT shares and 180,000 NFT shares
Finder's fee:
$5,055, 24,000 warrants
Finder's warrants terms: Each non-transferable finder's warrant entitles the holder to purchase one common share at the price of 15 cents for period of two years from the date of issuance.
The company issued news releases on Aug. 25, 2023, Sept. 15, 2023, and Sept. 21, 2023, confirming closing of the private placement.
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