The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 16, 2023.
Convertible notes: an aggregate of $1,737,850 in principal amount of secured and unsecured convertible promissory notes
Conversion price: convertible into 1,737,850 common shares at $1 per share at the option of the holder in whole or in part
Maturity date: Aug. 16, 2025
Interest rate: 14 per cent per annum
Number of placees: three placees
Total existing insider involvement: unsecured $537,850 (one insider)
Total pro group involvement: secured $200,000 (one pro group)
The company issued a news release on Aug. 16, 2023, confirming the closing of the private placement.
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