The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of shares: 2,009,000 shares
Purchase price: 15 cents per share
Warrants: 1,004,500 share purchase warrants to purchase one million shares
Warrant exercise price: 25 cents for a one-year period
Number of placees: 17 placees
Total existing insider involvement: 80,000 (one insider)
Finder's fee: $14,628 cash and 95,240 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 25 cents for a period of one year from the date of issuance.
The company issued news releases on April 5, 2024, and April 12, 2024, 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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