The company's short form base shelf prospectus dated May 26, 2023, and July 26, 2023, was filed with and accepted by the TSX Venture Exchange, and filed with the U.S. Securities and Exchange Commission through a registration statement on Form F-10 relating to the offering. The prospectus supplement dated Nov. 15, 2023, was filed with the securities commissions in each of the provinces of British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut, and Northwest Territories. A receipt for the prospectus is deemed to have been issued by the regulators in the jurisdictions if the conditions of the Multilateral Instrument 11-102, Passport System, have been satisfied. (All dollar amounts are in Canadian dollars, except as noted.)
Further to an at-the-market (ATM) offering of securities made pursuant to a supplement to the company's prospectus, the exchange has accepted for filing documentation with respect to the sales set out below under the ATM distribution. The company raised aggregate gross proceeds of $789,692 and $6,030,482 (U.S.) pursuant to the ATM distribution during the quarterly period beginning on Oct. 1, 2024, and ending on Dec. 31, 2024, as set out below.
Agents: Citigroup Global Markets Inc. and Canaccord Genuity LLC
Offering: 324,400 common shares in the capital of the company sold on the exchange in aggregate during the quarterly period;
3,226,990 common shares in the capital of the company sold on the New York Stock Exchange in aggregate during the quarterly period
Share price: varying prices during the quarterly period, with an average sale price of $2.43 per TSX Venture Exchange share and $1.87 (U.S.) per NYSE share
Agents' warrants: none
Overallotment option: none
Agents' commissions: 3 per cent of the gross proceeds of the offering, being an aggregate cash payment of $19,742 and $150,762 (U.S.) for the quarterly period
For further information, please refer to the company's prospectus supplement and the news releases dated Nov. 17, 2023, April 12, 2024, July 5, 2024, and Jan. 10, 2025, which are available under the company's SEDAR+ and EDGAR profiles.
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