Financing type: brokered private placement
Gross proceeds: $5,999,999.80
Offering:
8.8 million non-flow-through common shares (NFT shares) with 4.4 million warrants and 8,941,176 charity flow-through common shares (CFT shares) with 4,470,588 warrants
Offering price: 25 cents per NFT share, 42.50 cents per CFT share
Warrant exercise terms:
37 cents per listed share for a two-year period
Commissions in securities:
Haywood Securities Inc.: 650,521 warrants, Red Cloud Securities Inc.: 173,949 warrants
Commission terms: each non-transferable warrant is exercisable at 37 cents for a two-year period
Disclosure:
refer to the company's news release(s) dated Feb. 4, 2025, Feb. 26, 2025
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