Financing type: non-brokered private placement
Gross proceeds: $6,110,000.50
Offering: 24,440,002 listed shares with 12,220,002 warrants
Offering price: 25 cents per listed share
Warrant exercise terms: 40 cents per listed share for a two-year period, subject to an acceleration right
Commissions in securities: 229,250 finders' warrants
Commission terms: Each non-transferable warrant is exercisable at 40 cents for a two-year period.
Disclosure: Refer to the company's news releases dated Sept. 11, 2024, Oct. 10, 2024, Oct. 17, 2024, Nov. 18, 2024, and Nov. 22, 2024.
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