The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 7, 2024.
Number of shares: 37.5 million shares
Purchase price: four cents per share
Warrants: 37.5 million share purchase warrants to purchase 37.5 million shares
Warrant exercise price: seven cents for a two-year period
Number of placees: 49 placees
Total existing insider involvement: 2,125,000 (three insiders)
Finder's fee: 1,018,500
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of seven cents for a two-year period.
The company issued a news release on March 22, 2024, confirming the closing of the private placement.
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