The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 20, 2024.
Number of shares: 5,642,307 flow-through common shares;
16,749,000 non-flow-through common shares
Purchase price: 6.5 cents per flow-through common share;
five cents per non-flow-through common share
Warrants: 8,374,500 common share purchase warrants to purchase 8,374,500 common shares
Warrant exercise price: 6.5 cents for a period of 18 months
Number of placees: 44 placees
Total existing insider involvement: 6,763,923 (one insider)
Finder's fee: $7,130 cash and 97,000 warrants
Finder's warrant terms: Each finder's warrant entitles the holder to purchase one common share at the price of 6.5 cents for a period of 18 months from the date of issuance.
The company issued a news release on April 10, 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.
© 2025 Canjex Publishing Ltd. All rights reserved.