The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 9, 2021.
Number of shares: 16.5 million flow-through shares;
1,111,000 non-flow-through shares
Purchase price: 10 cents per flow-through share;
nine cents per non-flow-through share
Warrants: 555,500 share purchase warrants attached to non-flow-through shares to purchase 555,500 additional non-flow-through shares
Warrant exercise price: 18 cents for a two-year period
Number of placees: 22 placees
Insiders: Michael Stares, 150,000;
Elliot Strashin, 1.33 million
Finders' fees: Accilent Capital Management Inc. receives $18,000 and 180,000 non-transferable warrants, each exercisable for one share at a price of 10 cents per share for 12 months. GloRes Capital Inc. receives $40,000 and 480,000 non-transferable warrants, each exercisable for one share at a price of 10 cents per share for 12 months. 613987 Canada Inc. (Sebastien Choquet) receives $1,800.
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