The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 7, 2022.
Number of shares: 9,828,571 non-flow-through shares;
352,940 flow-through shares
Purchase price: seven cents per non-flow-through share; 8.5 cents per flow-through share
Warrants: 5,090,756 share purchase warrants to purchase,5,090,756 shares
Warrant exercise price: 11 cents for a two-year period
Number of placees: six placees
Insiders: Jason Bahnsen, 142,857;
Alexander Molyneux, 1,285,714
Total group involvement: 2,979,833 (two placees)
Finder's fee: Red Cloud Securities Inc., $30,100 cash and 424,706 finder's warrants (Each non-transferable finder's warrant is exercisable into one common share at seven cents per share for a two-year period from closing.)
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