Financing type: brokered private placement
Gross proceeds: $9.2-million
Offering: 36.8 million listed shares with 18.4 million warrants
Offering price: 25 cents per listed share
Warrant exercise terms: 37 cents per listed share for a two-year period
Commissions in securities: Canaccord Genuity Corp., 196,800 warrants;
Cormark Securities Inc.,1,279,200 warrants;
Red Cloud Securities Inc., 295,200 warrants;
Beacon Securities Ltd., 196,800 warrants;
Haywood Securities Inc., 24,000 warrants;
Harbourfront Wealth Management, 120,000 warrants;
Ventum Financial Corp., 6,000 warrants
Commission terms: Each non-transferable warrant is exercisable at 25 cents for a two-year period.
Disclosure: Refer to the company's news releases dated June 23, 2025, and July 3, 2025.
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