The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Nov. 16, 2023.
Number of shares: 19,252,785 flow-through common shares; 3,704,000 charity flow-through common shares
Purchase price: 22 cents per flow-through common share; 27 cents per charity flow-through common share
Number of placees: 21 placees
Total existing insider involvement: 90,100 (one insider)
Total pro group involvement: 1,466,215 (four pro groups)
Agent's fee: an aggregate of $314,141.56 and 1,377,407 non-transferable compensation options, payable to Haywood Securities Inc. and Laurentian Bank Securities Inc. (Each compensation option entitles the holder to purchase one common share at a price of 22 cents until Dec. 7, 2025.)
The company issued a news release on Dec. 7, 2023, confirming the closing of the private placement.
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