TSXV:FIND - Post Discussion
Post by
Betteryear2 on Sep 25, 2023 5:06pm
Baselode Announces Revised Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - September 25, 2023) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce that due to significant investor demand, the Company has increased the maximum size of its previously announced best efforts private placement (the "Offering") from C$7,500,018 to C$9,000,018. The revised Offering will consist of the sale of the following:
- up to 3,700,049 units of the Company (each, a "Unit") at a price of C$0.405405 per Unit for gross proceeds of up to C$1,500,018 from the sale of Units;
- up to 5,208,333 flow-through units of the Company (each, a "FT Unit") at a price of C$0.48 per FT Unit for gross proceeds of up to C$2,500,000 from the sale of FT Units; and
- up to 8,333,333 FT Units to be sold to charitable purchasers (each, a "Charity FT Unit", and together with the Units and FT Units, the "Offered Securities") at a price of C$0.60 per Charity FT Unit for gross proceeds of up to C$5,000,000 from the sale of Charity FT Units.
Be the first to comment on this post