The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 24, 2023.
Number of shares: 31,826,596 shares
Purchase price: 6.5 cents per share
Warrants: 15,913,298 share purchase warrants to purchase 15,913,298 shares
Warrant exercise price: 10 cents for a two-year period
Number of placees: 27 placees
Total pro group involvement: 3,517,796 (four pro groups)
Finder's fee: $123,206.79 cash and 1,895,310 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 6.5 cents for period of two years from the date of issuance.
The company issued news releases on Sept. 6, 2023, and Sept. 26, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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