The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 15, 2023.
Number of shares: four million shares
Purchase price: 12.5 cents per share
Warrants: four million share purchase warrants to purchase four million shares
Warrant exercise price: 30 cents for a one-year period; 30 cents for a two-year period
Number of placees: 44 placees
Total existing insider involvement: 300,000 (one insider)
Finder's fee: $9,700 cash and 89,600 warrants
The company issued news releases on Aug. 28, 2023, and Sept. 19, 2023, confirming the closing of the first and second tranches 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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