Financing type: brokered private placement
Gross proceeds: $3,655,757.632
Offering: 1,055,215 listed shares with 1,055,215 warrants attached;
2,884,179 prefinanced warrants, exercisable into 2,884,179 listed shares with 2,884,179 warrants attached
Offering price: 92.8 cents per listed share; 92.7 cents per prefinanced warrant
Prefinanced warrant terms: 0.1 cent per listed share
Warrant exercise terms: $1.16 per listed share for a five-year period; $1.16 per listed share for a five-year period
Commissions in securities: ThinkEquity LLC, 196,970 warrants
Commission terms: Each non-transferable warrant is exercisable at $1.16 for a five-year period.
Disclosure: Refer to the company's news releases dated Feb. 19, 2025, and Feb. 21, 2025.
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