The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement as announced in a news release dated Feb. 15, 2024.
Number of securities: 25 million common shares
Purchase price: $2 (U.S.) per common share
Warrants: 25 million common share purchase warrants to purchase 25 million common shares
Warrant exercise price: $2.38 (U.S.) per share for a period ending at the earlier of the date upon which investors complete the financing relating to FID and five years from the date of issuance
Number of placees: two placees
Insider/pro group participation: none
Agent's fee: BMO Nesbitt Burns Inc. received $1.25-million (U.S.) in cash.
The company has confirmed the closing of the private placement in a news release dated Feb. 28, 2024.
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