The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 3, 2023.
Number of shares: 6.25 million shares
Purchase price: eight cents per share
Warrants: 3,125,000 share purchase warrants to purchase 3,125,000 shares
Warrant exercise price: 10 cents for an 18-month period
Number of placees: 15 placees
Total existing insider involvement: 250,000 (two insiders)
The company issued a news release on Sept. 12, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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