The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 5, 2024.
Number of shares: 6,666,670 shares
Purchase price: 18 cents per share
Warrants: 6,666,670 share purchase warrants to purchase 6,666,670 shares
Warrant exercise price: 25 cents for a five-year period
Number of placees: 35 placees
Total existing insider involvement: 1,310,502 (seven insiders)
Finder's fee: $1,500 cash and 4,166 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 25 cents for period of five years from the date of issuance.
The company issued a news release on Feb. 5, 2024, confirming the closing of the private placement.
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