Further to the TSX Venture Exchange bulletin dated Aug. 16, 2023, the exchange has accepted an amendment as announced on Nov. 24, 2024, with respect to a non-brokered private placement originally announced on March 6, 2023.
Number of shares: 35,317,610 shares
Amended number of shares: 35,392,610 shares
Purchase price: 20 cents per share
Warrants: 17,658,805 share purchase warrants to purchase 17,658,805 shares
Amended number of warrants: 17,696,305 share purchase warrants to purchase 17,696,305 shares
Warrant exercise price: 34 cents for a three-year period
Number of placees: 58 placees
Amended number of placees: 59 placees
Total existing insider involvement: 18,009,000 common shares and 9,004,500 warrants (one insider)
Finder's fee: $133,990 cash and 670,950 warrants
Amended finder's fee: $124,990 cash and 620,700 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 20 cents for period of two years from the date of issuance.
The company issued news releases on March 30, 2023, April 14, 2023, May 30, 2023, and Aug. 14, 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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