The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 5, 2023, and Oct. 26, 2023.
Number of shares: 47,999,999 shares
Purchase price: 1.5 cents per share
Warrants: 47,999,999 share purchase warrants to purchase 47,999,999 shares
Warrant exercise price: five cents for a five-year period
Number of placees: 12 placees
Total existing insider involvement: 22 million (three insiders)
Finder's fee: 560,000 shares and
560,000 warrants
Finder's warrants terms: Each warrant entitles the holder to purchase one common share at the price of five cents for a period of five years from the date of issuance.
The company issued a news release on Nov. 2, 2023, confirming the closing of the private placement.
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