The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 6, 2022.
Convertible debenture: $500,000 principal amount
Conversion price: convertible into five million common shares at 10 cents until maturity
Maturity date: Nov. 30, 2027
Interest rate: National Bank of Canada Prime plus 8.0 per cent per annum
Number of placees: four placees
Total existing insider involvement: four million (two placees)
For more information, please refer to the company's news release dated Dec. 13, 2022.
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