The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Feb. 1, 2024.
Number of shares: 5,038,087 shares
Purchase price: 27 cents per share
Warrants: 5,038,087 share purchase warrants to purchase 5,038,087 shares
Warrant exercise price: 40 cents for a three-year period
Number of placees: 35 placees
Total existing insider involvement: 690,371 (three insiders)
Total pro group involvement: 480,555 (six pro groups)
Finder's fee: $10,214.99 and 37,833 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 40 cents for a three-year period.
The company issued a news release on March 7, 2024, confirming the closing of the private placement.
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