The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Sept. 7, 2023.
Number of shares: 6,818,500 common shares in the capital of the company on a flow-through (FT) basis and 4,267,000 common shares in the capital of the company on a premium flow-through basis
Purchase price: 93 cents per FT share and $1.13 per premium FT share
Number of placees: 11 placees
Total pro group involvement: 442,478 premium FT shares (one pro group)
Finder's fee: Clarus Securities Inc., $669,774.90 cash and 665,130 warrants
(The finder's warrants are exercisable into common shares of the company at $1.13 per common share for a period of 24 months from the date of issuance.)
The company issued news releases on Oct. 5, 2023, and Oct. 10, 2023, confirming the closings of the private placement.
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