The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 30, 2023.
Convertible debenture: $4,971,000
Conversion price: convertible at five cents into 99,420,000 common shares
Maturity date: Dec. 29, 2024
Interest rate: 10 per cent per annum
Number of placees: six placees
Total existing insider involvement: $4,746,000 (three insiders)
The company issued a news release on Dec. 29, 2023, confirming the closing of the private placement.
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