The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 5, 2021.
Flow-through (FT) shares
Number of FT shares: 3,991,429 flow-through shares
Purchase price: 14 cents per flow-through share
Warrants: 1,995,715 share purchase warrants to purchase 1,995,715 shares
Warrant initial exercise price: 22 cents
Warrant term to expiry: three years
Non-flow-through (NFT) shares
Number of NFT shares: 16.62 million non-flow-through shares
Purchase price: 12.5 cents per non-flow-through share
Warrants: 16.62 million share purchase warrants to purchase 16.62 million shares
Warrant initial exercise price: 22 cents
Warrant term to expiry: five years
Number of placees: 59 placees
Insiders: Jordan Trimble, 100,000;
James Pettit, 100,000;
Chantelle Collins, 100,000
Total pro group involvement: 150,000 (one placee)
Finders' fees: GloRes Securities Inc., $15,750 cash and 115,714 warrants;
Qwest Investment Fund Management Ltd., $21,000 cash and 150,000 warrants;
PI Financial Corp., $2,625 cash and 21,000 warrants;
Canaccord Genuity Corp., $12,000 cash and 96,000 warrants;
Haywood Securities Inc., $875 cash and 7,000 warrants;
M Partners Inc., $8,750 cash and 70,000 warrants
Finder's warrant initial exercise price: 22 cents
Finder's warrant term to expiry: valid for three years
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.
© 2024 Canjex Publishing Ltd. All rights reserved.