The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 16, 2022, and Dec. 6, 2022.
Number of shares: 20,523,668 shares
Purchase price: six cents per share
Warrants: 20,523,668 share purchase warrants to purchase 20,523,668 shares
Warrant exercise price: 12 cents for a two-year period
Number of shares: 6,142,998 flow-through shares
Purchase price: six cents per share
Number of placees: 36 placees
Total existing insider involvement: 863,668 (two placees)
Total pro group involvement: 675,000 (three placees)
Finder's fee: $9,700 cash and 135,000 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 12 cents for a period of two years from the date of issuance.
The company issued a news release on Dec. 22, 2022, 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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