The company's short form base shelf prospectus dated Feb. 23, 2022, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act (Ontario), on Feb. 23, 2022. The prospectus was also filed under Multilateral Instrument 11-102, Passport System, in Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut, and Northwest Territories. A receipt for the prospectus is deemed to be issued by the regulators in each of those jurisdictions if the conditions of the instrument have been satisfied.
Further to an at-the-market (ATM) offering of shares made pursuant to a prospectus supplement dated March 22, 2023, to the company's short form base shelf prospectus dated Feb. 23, 2022, the exchange has accepted for filing documentation with respect to the sales set out below under the ATM distribution. The company raised aggregate gross proceeds of $280,482.10 pursuant to the ATM distribution from Oct. 1, 2023, to Dec. 31, 2023, as set out below.
The exchange has been advised by the company that sales under the ATM distribution during the quarter ended Dec. 31, 2023, occurred for gross proceeds of $280,482.10.
Agent: Independent Trading Group (ITG) Inc.
Offering: 13,411,000 shares in aggregate during the quarter ended Dec. 31, 2023
Share price: varying prices during the quarter, with an average sale price of 2.1 cents per share
Agent's warrants: none
Overallotment option: none
Agent's commission: 2 per cent of the gross proceeds of the offering, being a cash payment of $5,609.64 in aggregate for the quarter ended Dec. 31, 2023
For further information, please refer to the company's short form base shelf prospectus dated Feb. 23, 2022, the prospectus supplement dated March 22, 2023, and the news release dated Jan. 19, 2024, which are available under the company's SEDAR+ profile.
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