The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on July 31, 2023.
Number of units: 40.6 million units
Purchase price: five Australian cents (4.5 Canadian cents) per unit
Warrants: 20.3 million share purchase warrants to purchase 20.3 million shares
Warrant exercise price: 7.5 Australian cents (6.5 Canadian cents) for a two-year period
Number of placees: 44 placees
Total existing insider
involvement: 10.4 million (one insider)
Agent's fee/finder's fee: $106,200 and 7.5 million warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one unit at the price of 7.5 Australian cents (6.5 Canadian cents) per unit for a period of two years from the date of issuance.
Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company issued a news release on Aug. 8, 2023, announcing the closing of the private placement.
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