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Grid Metals Corp
Symbol GRDM
Shares Issued 203,876,164
Close 2024-01-31 C$ 0.075
Market Cap C$ 15,290,712
Recent Sedar Documents

Grid Metals private placement

2024-01-31 19:11 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 29, 2023.

Number of shares:  1,151,143 flow-through shares and 27,209,000 charity flow-through shares

Purchase price:  14 cents per flow-through share and 18 cents per charity flow-through share

Number of placees:  39 placees

Total existing insider involvement:  21,470,256 (eight insiders)

Finder's fee:  $1,399 cash and 9,996 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 15 cents for period of two years from the date of issuance.

The company issued a news release on Jan. 2, 2024, confirming the closing of the private placement. Additionally, the company issued a news release announcing amendments to the terms of the private placement on Dec. 4, 2023.

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