The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Jan. 14, 2022, and Jan. 26, 2022.
Number of shares: 6,797,258 units
Purchase price: 40 cents per unit
Warrants: 6,797,258 share purchase warrants to purchase 6,797,258 shares
Warrant exercise price: 60 cents for a 24-month period
Number of placees: 58 placees
Insider: J. Birks Bovaird, 5,000
Total pro group involvement: 596,000 (two placees)
Agents' fees: Research Capital Corp., Sprott Capital Partners LP, Leede Jones Gable, Red Cloud Securities, Richardson Wealth Ltd. and IA Private Wealth Management received an aggregate cash commission of $73,352 and 179,130 broker warrants. Each broker warrant entitles its holder to acquire one common share of the company at a price of 60 cents for a 24-month period.
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