The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 12, 2022, and Sept. 6, 2022.
Number of shares:
5.9 million flow-through shares and 10,820,655 non-flow-through shares
Purchase price: 10 cents per flow-through share and nine cents per non-flow-through share
Warrants:
13,770,655 share purchase warrants to purchase 13,770,655 shares
Warrant exercise price: 15 cents for a three-year period, subject to an accelerated expiry
Number of placees: 40 placees
Aggregate existing insider involvement:
two placees,
450,000
Finder's fee:
$57,137,
616,195 warrants
Finder's warrants terms: Each warrant entitles the holder to purchase one common share at the price of 15 cents for period of three years from the date of issuance.
The company issued a news release on Oct. 14, 2022, confirming the closing of the private placement.
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