The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 27, 2023.
Number of shares: 2,669,875 common shares
Purchase price: 12 cents per common share
Warrants: 1,334,938 share purchase warrants to purchase 1,334,938 common shares
Warrant exercise price: 25 cents for a 24-month period
Number of placees: 12 placees
Total pro group involvement: 100,000 (one pro group)
Finder's fee: $5,750.40 cash and 47,920 options
Finder's option terms: Each option entitles the holder to purchase one common share at a price of 12 cents for a 24-month period.
The company issued news releases on Oct. 3, 2023, and Dec. 29, 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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