The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 11, 2024, and April 19, 2024.
Number of shares: 19,369,411 common shares
Purchase price: nine cents per share
Warrants: 9,684,705 share purchase warrants to purchase 9,684,705 shares
Warrant exercise price: 13.5 cents for a 24-month period
Number of placees: 54 placees
Total existing insider involvement: 1,570,300 (four insiders)
Total pro group involvement: 800,000 (one pro group)
Finder's fee: $24,184.01 cash and 276,711 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the
price of 13.5 cents for a period of 24 months from the date of issuance.
The company issued a news release on April 25, 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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