The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 5, 2023.
Number of units: 5,513,900 flow-through (FT) units and 800,000 non-flow-through (NFT) units
Purchase price: 18 cents per FT unit and 16 cents per NFT unit
Warrants: 3,556,950 share purchase warrants to purchase 3,556,950 shares
Warrant exercise price: 2,756,950 warrants at 25 cents for a two-year period;
800,000 warrants at 18 cents for a two-year period
Number of placees: 14 placees
Total existing insider
involvement: 981,000 (three insiders)
Total existing pro group involvement: 358,900 (three pro groups)
Agent's fee/finder's fee: $50,298.43 cash and 280,339 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one unit at the price of 16 cents per share for a period of two years from the date of issuance.
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