Financing type: non-brokered private placement
Gross proceeds: $1,875,000
Offering: 12.5 million flow-through listed shares with 12.5 million warrants attached;
17.5 million listed shares with 17.5 million warrants attached
Offering price: eight cents per flow-through listed share; five cents per listed share
Warrant exercise terms: eight cents per listed share for a period of three years; eight cents per listed share for a period of three years
Commissions in securities: 2.32 million finders' warrants
Commission terms: Each non-transferable warrant is exercisable at five cents for a period of three years.
Disclosure: Refer to the company's news releases dated Sept. 12, 2024, Sept. 26, 2024, and Oct. 17, 2024.
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