The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 19, 2023.
Number of shares: 20 million shares
Purchase price: one cent per share
Number of shares: 14,999,999 flow-through shares
Purchase price: 1.5 cents per share
Number of placees: 32 placees
Total existing insider involvement: 1,333,333 (one insider)
Total pro group involvement: 13,416,666 (four pro groups)
Finder's fee: $18,550 cash and 1,481,666 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of up to 10 cents for a period of three years from the date of issuance.
The company issued news releases on Jan. 3, 2024, and Jan. 17, 2024, confirming the closing of the private placement.
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