Financing type: non-brokered private placement
Offering: $4-million (U.S.) principal amount of convertible debentures, convertible into 6,405,636 listed shares with 4,545,454 detachable warrants
Conversion price: 62.445 U.S. cents per listed share
Maturity date: Nov. 12, 2027
Interest rate: 12 per cent per annum
Warrant exercise terms: $1 per share for a two-year period
Public disclosure: Refer to the company's news releases dated Oct. 25, 2024, and Nov. 26, 2024.
Further to TSX Venture Exchange bulletin dated April 24, 2023, this is to advise that the exchange has consented to the issuance of the following additional convertible debentures.
Financing type: non-brokered private placement
Offering: $6,521,000 (U.S.) principal amount of convertible debentures, convertible into 2,629,435 listed shares
Conversion price: $2.48 (U.S.) per listed share
Maturity date: Feb. 13, 2028
Interest rate: 8.99 per cent per annum
Public disclosure: Refer to the company's news releases dated Aug. 14, 2024, and Nov. 26, 2024.
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