Financing type: non-brokered private placement
Gross proceeds: $565,000.01
Offering: 16,666,667 flow-through (FT) listed shares with 8,333,333 warrants attached;
2.6 million listed shares with 1.3 million warrants attached
Offering price: three cents per FT listed share; 2.5 cents per listed share
Warrant exercise terms: five cents per listed share for a period of two years from date of issuance
Non-cash commissions: 1,166,666 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at three cents relating to FT units and at 2.5 cents relating to units for a two-year period.
Public disclosure: Refer to the company's news releases dated Nov. 19, 2024, Dec. 2, 2024, Dec. 18, 2024, Dec. 24, 2024, and Jan. 3, 2025.
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