The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 21, 2023.
Charity flow-through shares
Number of shares: 48,648,648 charity flow-through shares
Purchase price: 18.5 cents per charity flow-through share
Warrants: 24,324,324 share purchase warrants to purchase 24,324,324 shares
Warrant exercise price: 18.5 cents for a two-year period until Dec. 12, 2025
Non-flow-through shares
Number of shares: 11,366,787 non-flow-through shares
Purchase price: 12 cents per non-flow-through share
Warrants: 5,683,393 share purchase warrants to purchase 5,683,393 shares
Warrant exercise price: 18.5 cents for a two-year period until Dec. 12, 2025
Number of placees: 77 placees
Total existing insider involvement: 580,000 (five insiders)
Total pro group involvement: 1,829,972 (two pro groups)
Finder's fee: $588,289 cash and 3,321,326
non-transferable broker warrants
The company issued a news release on Dec. 12, 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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