Finally.
Tru Precious Metals private placement, resumption
2021-05-12 20:38 ET - Private Placement
The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement. That private placement consists of the issuance of 15,910,053 subscription receipts to be automatically exercised into units upon the issuance of this exchange bulletin, with each unit including one common share and one warrant as follows.
Number of shares: 15,910,053 common shares
Purchase price: 22 cents per common share
Warrants: 15,910,053 warrants to purchase 15,910,053 common shares
Warrant exercise price: 35 cents during a period of 36 months following the closing date
Number of placees: 108 placees
Insiders: Resurgent Capital Corp. (Joel Freudman), 227,273; Barry Greene, 113,636; David Hladky, 85,000; Robert Harrison, 50,000
Total pro group involvement: 918,000 (11 placees)
Finders' fees: Arm's-length finders collectively $115,776.61 in cash and 526,257 non-transferable finders' warrants. Each finder's warrant is exercisable for one common share at a price of 22 cents per share for a period of 36 months following the closing date.
Tru has confirmed the closing of the private placement pursuant to a news release dated March 5, 2021. It is expected that the company will issue a news release dated May 12, 2021, confirming that the subscription receipts have been exercised.
Further to the TSX Venture Exchange bulletin dated Jan. 7, 2021, trading in the securities of Tru Precious Metals Corp. will resume at the opening on Friday, May 14, 2021, upon confirmation of the exe