Eskay Mining private placement
2021-01-06 18:50 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Nov. 26, 2020, and Nov. 20, 2020.
Flow-through (FT) shares
Number of shares: 2,904,700 flow-through common shares
Purchase price: $1.05 per flow-through common share
Flow-through units
Number of shares: 7,725,600 flow-through common shares
Purchase price: $1.25 per flow-through common share
Warrants: 3,862,800 share purchase warrants to purchase 3,862,800 common shares
Warrant exercise price: $1.30 until Dec. 11, 2022
Non-flow-through units
Number of shares: 1,214,100 non-flow-through common shares
Purchase price: 90 cents per non-flow-through common share
Warrants: 607,050 share purchase warrants to purchase 607,050 common shares
Warrant exercise price: $1.30 until Dec. 11, 2022
Number of placees: 93 placees
Total pro group involvement: 77,600 (three placees)
Brokers' commissions: aggregate of $737,977.50 in cash and 582,789 non-transferable broker warrants payable to Echelon Wealth Partners Inc. and Eight Capital (Each broker warrant entitles the holder to acquire one non-flow-through unit at 90 cents until Dec. 11, 2022.)
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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