The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 22, 2021.
Number of shares: 77,877,416 non-flow-through shares;
17,600,126 flow-through shares;
14,285,714 charity flow-through shares
Purchase price: seven cents per non-flow-through share;
7.5 cents per flow-through share;
9.3 cents per charity flow-through share
Warrants: 109,763,256 share purchase warrants to purchase 109,763,256 shares
Warrant exercise price: 10 cents for a three-year period
Number of placees: 42 placees
Insiders: MMCAP International SPC, 28,571,428;
Alex Klenman, 266,666;
Carl Trevor Perkins, 142,857
Total pro group involvement: 2,796,318 (three placees)
Finder's fee: Red Cloud Securities Inc., $627,324.94 and 8,492,484 finder's warrants, exercisable into common shares at seven cents per share for a 36-month period
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