The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 15, 2023.
Number of shares: six million shares
Purchase price: 12.5 cents per share
Warrants: six million share purchase warrants to purchase six million shares
Warrant exercise price: 25 cents for a two-year period
Number of placees: 15 placees
Total existing insider involvement: 1.37 million (five insiders)
Finder's fee: $2,625 cash and 21,000 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 12.5 cents for period of two years from the date of issuance.
The company issued a news release on June 15, 2023, confirming the closing of the private placement.
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