The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on July 14, 2023.
Number of shares: 1.9 million shares
Purchase price: 10 cents per share
Warrants: 1.9 million share purchase warrants to purchase 1.9 million shares
Warrant exercise price: 20 cents for a two-year period
Number of shares: 1.7 million flow-through shares
Purchase price: 12 cents per share
Warrants: 1.7 million share purchase warrants to purchase 1.7 million shares
Warrant exercise price: 20 cents for a two-year period
Number of placees: six placees
Finder's fee: $16,320 cash and 136,000 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 20 cents for a period of two years from the date of issuance.
The company issued news releases on Aug. 3, 2023, and Oct. 11, 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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