The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 22, 2024.
Number of shares: 7,469,679 flow-through shares;
13,131,250 non-flow-through shares
Purchase price: 9.5 cents per flow-through share;
eight cents per non-flow-through share
Warrants: 20,600,929 share purchase warrants to purchase 20,600,929 shares
Warrant exercise price: 12 cents for two years
Number of placees: 53 placees
Total existing insider involvement: 520,000 (two insiders)
Total pro group involvement: 2,856,184 (six pro groups)
Finder's fee: $70,428.12
The company issued news releases on March 25, 2024, and April 8, 2024, confirming the closing 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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