The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 10, 2022, and June 7, 2022.
Number of shares: 3,333,327 flow-through shares;
10,371,126 non-flow-through common shares
Purchase price: 15 cents per flow-through share;
14 cents per non-flow-through share
Warrants: 13,704,453 share purchase warrants to purchase 13,704,453 shares
Warrant exercise price: 30 cents for a two-year period (3,333,327 warrants);
28 cents for a two-year period (10,371,126 warrants)
Number of placees: 40 placees
Insiders: George Kovalyov, 85,714;
Joel Warawa, 55,000;
1113300 B.C. Ltd. (Yari Nieken), 1,928,571;
Triplet Management (Larry Timlick), 150,000
Finders' fees: $16,413.60 in cash and 114,480 finder's warrants, each exercisable into one common share at 28 cents for a two-year period, payable to Canaccord Genuity Corp.; 257,142 finder's warrants, each exercisable into one common share at 28 cents for a two-year period, and 37,333 finder's warrants, each exercisable into one flow-through share at 30 cents for a two-year period, payable to Research Capital Corp.
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