The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 17, 2020.
Number of flow-through (FT) shares: 6,090,168 flow-through shares
Purchase price: 24 cents per flow-through share
Warrants: 3,045,084 share purchase warrants to purchase 3,045,084 shares
Warrant initial exercise price: 35 cents
Warrant term to expiry: three years
Number of placees: eight placees
Insider: David Cates, 50,000
Finder's fee: Red Cloud Securities Inc., $70,000.02 cash and 291,667 warrants
Finder's warrant initial exercise price: 24 cents
Finder's warrant term to expiry: exercisable into one common share, 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.
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