Financing type: prospectus offering
Gross proceeds: $6,178,300
Offering: 19.93 million units, with each unit comprising one common share and one-half of a common share purchase warrant, resulting in the issuance of 19.93 million common shares and 9,965,000 attached warrants
Offering price: 31 cents per unit
Warrant exercise terms: 44 cent sper common share for a period of 24 months from closing
Overallotment option: The agent could purchase a maximum of 2.43 million units for overallotment purposes. This overallotment option was fully exercised.
Commissions in securities: Canaccord Genuity Corp., 1,195,800 warrants
Commission terms: Each non-transferable broker warrant is exercisable for one unit at 31 cents per unit for a two-year period.
Disclosure: Refer to the company's short form base shelf prospectus dated July 20, 2023, and the prospectus supplement dated Nov. 13, 2024, both of which are available on SEDAR+, and news releases dated Nov. 11, 2024, Nov. 13, 2024, Nov. 14, 2024, and Nov. 19, 2024.
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