The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on July 11, 2023.
Number of shares: 9,097,500 shares
Purchase price: five cents per share
Warrants: 4,548,750 share purchase warrants to purchase 4,548,750 shares
Warrant exercise price: eight cents for a two-year period
Number of placees: 15 placees
Total existing insider involvement: 640,000 (one insider)
Finder's fee: $8,100 cash and 162,000 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of eight cents for a period of two years from the date of issuance.
The company issued a news release on Aug. 10, 2023, and Oct. 13, 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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