The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 19, 2023.
Number of shares: two million shares
Purchase price: five cents per share
Warrants: two million share purchase warrants to purchase two million shares
Warrant exercise price: 6.5 cents for a five-year period
Number of shares: 28 million flow-through shares
Purchase price: five cents per share
Warrants: 28 million share purchase warrants to purchase 28 million shares
Warrant exercise price: 6.5 cents for a five-year period
Number of placees: five placees
Total existing insider involvement: 25 million (one insider)
The company issued news releases on Oct. 18, 2023, and Oct. 19, 2023, confirming the closing of the private placement.
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