The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement as announced on a news release dated May 28, 2021.
Number of securities: 6.3 million common shares
Purchase price: 32 cents per common share
Warrants: 3.15 million common share purchase warrants to purchase 3.15 million shares
Warrants' exercise price: 50 cents for 24 months following the closing of the private placement
Number of placees: six placees
Insiders: none
Finders' fees: Two finders received a cash commission totalling $15,120 and 47,250 common share purchase warrants to acquire 47,250 common shares of the company at a price of 50 cents per common share until July 12, 2023.
The company has confirmed the closing of the private placement in news releases dated July 11, 2021, and July 13, 2021.