The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 9, 2023, and Oct. 14, 2023.
Charity flow-through (CFT) units
Number of shares: one million CFT shares
Purchase price: 33 cents per CFT share
Warrants: 500,000 share purchase warrants to purchase 500,000 shares
Warrant exercise price: 35 cents for a two-year period
Flow-through (FT) shares
Number of shares: 4,112,500 FT shares
Purchase price: 24 cents per FT share
Non-flow-through (NFT) units
Number of shares: 3,985,000 NFT shares
Purchase price: 23 cents per NFT share
Warrants: 1,992,500 share purchase warrants to purchase 1,992,500 shares
Warrant exercise price: 35 cents for a two-year period
Number of placees: 10 placees
Finder's fee: $54,303 cash and 236,100 warrants
Finder's warrant terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of 23 cents for a period of two years from the date of issuance.
The company issued news releases on Oct. 4, 2023, Oct. 6, 2023, and Oct. 19, 2023, 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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