The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 21, 2024.
Number of units:
1,884,437 units
Purchase price: 26.5 cents per unit
Warrants: 942,218 share purchase warrants to purchase 942,218 shares
Warrant exercise price: 40 cents per common share for a two-year period
Warrant acceleration provision:
At the company's option, if, at any time, the average closing price is equal to or greater than $1.25 for 20 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after the company issues the acceleration notice through a news release, provided that the acceleration notice is issued within 10 business days after the end of the particular 20-day period.
Number of placees:
eight placees
Aggregate existing insider involvement: one insider, 553,388 shares
The company issued a news release on April 18, 2024, confirming closing of the private placement.
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