The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 1, 2022.
Convertible debenture: $225,250
Conversion price: convertible into shares at five cents of principal outstanding in year 1 and at 10 cents in year 2
Maturity date: Dec. 1, 2024
Interest rate: 18 per cent per annum
Number of placees: three placees
Total existing insider involvement: $100,000 (one insider)
Total pro group involvement: $20,000 (one pro group)
The company issued a news release on Dec. 5, 2022, confirming the closing of the private placement.
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