The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 13, 2023.
Number of shares: 11,709,357 shares
Purchase price: seven cents per share
Warrants: 11,709,357 share purchase warrants to purchase 11,709,357 shares
Warrant exercise price: 15 cents for a three-year period
Number of placees: 25 placees
Total existing insider involvement: 653,000 (three insiders)
Total pro group involvement: 300,000 (three pro groups)
Finder's fee: $23,877.70 cash and 341,110 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 15 cents for a period of three years from the date of issuance.
The company issued news releases on Sept. 29, 2023, and Oct. 27, 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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