The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 30, 2023, and increased on Nov. 2, 2023.
Number of shares: 40.75 million flow-through (FT) shares
Purchase price: four cents per FT share
Warrants: 20,375,000 share purchase warrants to purchase 20,375,000 shares
Warrant exercise price: eight cents for a two-year period
Number of placees: four placees
Finder's fee: $121,600, 3.04 million warrants
Finder's warrants terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of five cents for period of two years from the date of issuance.
The company issued news releases on Nov. 6, 2023, and Nov. 27, 2023, confirming closing of the private placement.
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