PP accepted
Western Magnesium 3,804,364-unit private placement
2023-02-15 16:59 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 16, 2022.
Number of shares: 3,804,364 common share units (Each unit consists of one common share in the capital of the company and one share purchase warrant.)
Purchase price: nine U.S. cents per unit
Warrants: 3,804,364 warrants to purchase 3,804,364 shares
Warrant price: 18 U.S. cents, exercisable for a period of two years from the closing date
Number of placees: 10 placees
Insider/pro group participation: none
Finder's fee: none
The company issued news releases on Nov. 24, 2022, Dec. 31, 2022, and Jan. 31, 2023, to confirm the closing of the tranches of the private placement. A news release on Feb. 15, 2023, was issued to confirm the details of the private placement in aggregate. 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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