The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 25, 2024.
Convertible debenture: $575,000 principal amount of convertible debentures
Conversion price: convertible into up to 2,875,000 common shares at 20 cents per share of principal outstanding
Maturity date: three years from the date of issuance
Interest rate: 12 per cent per annum
Number of placees: three placees
Total existing insider involvement: $575,000 (three insiders)
The company issued a news release on April 25, 2024, confirming the closing of the private placement.
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