The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 3, 2024.
Second tranche
Number of units: 26,268,868 units
Purchase price: 2.5 cents per unit
Warrants: 26,268,868 share purchase warrants to purchase 26,268,868 shares
Warrant exercise price: five cents for a two-year period
Number of placees: 10 placees
Total existing insider involvement: 16,251,600 (one insider)
Total pro group involvement: 800,000 (one pro group)
Finder's fee: $3,000 cash and 120,000 warrants
Finder's warrant terms: Each finder's warrant entitles the holder to purchase one common share at the price of five cents for a period of two years from the date of issuance.
The company issued news releases on March 5, 2024, and March 18, 2024, 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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