Talk About A Discount Gezz . Source Stockwatch Still this was annouced in Feb but It sure would have been nice to mayby up the shares to the teens somewhere ?. More dilution as well and hey why not annouce it on SH?. Read on .
Arctic Star 40-million-share private placement
2021-04-30 19:39 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 2, 2021.
Number of shares: 40 million shares
Purchase price: five cents per share
Warrants: 40 million share purchase warrants to purchase 40 million shares
Warrant initial exercise price: 10 cents
Warrant term to expiry: two years
Number of placees: 82 placees
Insider: 0800025 B.C. Ltd. (Patrick Power), four million
Total pro group involvement: 2.7 million (five placees)
Finders' fees: PI Financial Corp., $7,000 cash and 140,000 warrants; Mackie Research Capital Corp., $14,000 cash and 280,000 warrants; Canaccord Genuity Corp., $26,250 cash and 525,000 warrants; Haywood Securitie Inc., $3,850 cash and 77,000 warrants; GloRes Securities Inc., $7,000 cash and 140,000 warrants
Finder's warrant initial exercise price: 10 cents
Finder's warrant term to expiry: 24 months from the date of closing
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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