The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 17, 2023.
Number of shares: 5,318,183 common shares
Purchase price: 22 cents per common share
Warrants: 5,318,183 common share purchase warrants to purchase 5,318,183 common shares
Warrant exercise price: 28 cents per common share for a period of five years
Number of placees: 28 placees
Total existing insider involvement: 461,282 (one insider)
Finder's fee: $5,810 cash and 18,864 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share and one common share purchase warrant at a price of 22 cents for a period of five years from the date of issuance, with each underlying warrant being exercisable into one additional common share at a price of 28 cents per share for a period of five years.
The company issued a news release on Nov. 29, 2023, confirming the closing of the private placement.
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