08:27:29 EDT Tue 24 May 2022
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White Metal Resources private placement

2021-12-16 19:31 ET - Private Placement

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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