New Age Metals 31,562,500-share private placement 2021-08-25 19:44 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 31, 2021.
Number of shares: 31,562,500 shares
Purchase price: 16 cents per share
Warrants: 15,781,250 share purchase warrants to purchase 15,781,250 shares
Warrant exercise price: 20 cents for a two-year period
Number of placees: two placees
Insider: 2176423 Ontario Ltd. (Eric Sprott), 31.25 million
Finder's fee: Mackie Research Capital Corp., $328,250 cash and 2,051,562 finder's warrants (Each non-transferable finder's warrant is exercisable into one common share and one-half of one share purchase warrant of the company at a price of 16 cents per unit for a two-year period. Each warrant is exercisable into one common share for a two-year period.)