The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 4, 2023.
Number of shares: 28,571,428 common share units (Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant.)
Purchase price: 13.125 cents per unit
Warrants: 14,285,714 whole warrants to purchase 14,285,714 shares
Warrant price: 17.5 cents, exercisable for a period of five years from the date of issuance
Number of placees: 68 placees
Total existing insider involvement: 3.5 million units (one insider)
Total pro group involvement: 500,000 units (three pro groups)
Finder's fee: $9,975 (one finder)
The company issued a news release on Jan. 27, 2023, confirming the closing of the private placement.
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