The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 21, 2023.
Number of shares:f 7,809,502 common share units, each unit consisting of one common share in the capital of the company and one share purchase warrant
Purchase price: 45 cents per unit
Warrants: 7,809,502 whole warrants to purchase 7,809,502 shares
Warrant price: 55 cents, exercisable for a period of three years from the date of issuance
Number of placees: 35 placees
Total existing insider involvement: 492,223 (four existing insiders)
Finder's fee: $61,967.56 and 137,706 warrants (The finder's warrants are exercisable at 45 cents per finder's share for a period of 24 months from the date of issuance.)
The company issued a news release on May 11, 2023, 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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