The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on March 25, 2024.
Number of shares: 15 million common shares
Purchase price: five pence (approximately 8.6 Canadian cents) per common share
Warrants: not applicable
Warrant exercise price: not applicable
Number of placees: three placees
Total existing insider involvement: three million (one insider)
Finder's fee: 33,000 pounds sterling and 600,000 warrants
Finder's warrant terms: Each finder's warrant entitles the holder to purchase one common share at the price of 8.6 Canadian cents for a period of three years from the date of issuance.
The company issued a news release on March 25, 2024, confirming the closing of the private placement.
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