News.
Eastower Wireless 10,320,872-share private placement
2022-10-08 02:47 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 8, 2022.
Number of shares: 10,320,872 shares
Purchase price: five cents per share
Warrants: 10,320,872 share purchase warrants to purchase 10,320,872 shares
Warrant exercise price: 10 cents for a two-year period
Number of placees: 11 placees
Total pro group involvement: 800,000 (four placees)
Finder's fee: $25,140 cash and 502,800 warrants
Finder's warrants terms: Each warrant entitles the holder to purchase one common share at the price of five cents for period of two years from the date of issuance.
The company issued a news release on Aug. 22, 2022, confirming the closing of the private placement. 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.