The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 14, 2024.
Number of shares: 6.21 million shares
Purchase price: five cents per share
Warrants: 3,105,000 share purchase warrants to purchase 3,105,000 shares
Warrant exercise price: 7.5 cents for a three-year period
Number of placees: 23 placees
Total existing insider involvement: 1.3 million (two insiders)
Total pro group involvement: 250,000 (one pro group)
Finder's fee: $10,740 cash and 214,800 warrants
Finder's warrant terms: Each finder's warrant entitles the holder to purchase one common share at 7.5 cents per share for a period of three years from the date of issuance.
The company issued a news release on April 23, 2024, 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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