Just Out Nexoptic Technology Corp (C-NXO) - Private Placement
Nexoptic Technology 39,564,053-unit private placement
2022-11-11 17:20 ET - Private Placement
Shares issued 147,431,150
NXO Close 2022-11-11 C$ 0.12
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 21, 2022, and Nov. 7, 2022.
Number of shares: 39,564,053 units
Purchase price: 5.625 cents per unit
Warrants: 39,564,053 warrants
Warrant exercise price: 12 cents for a two-year period
Number of placees: 67 placees
Total insider involvement: 3.5 million units (three placees)
Total pro group involvement: 1.8 million units (three placees)
Finders' fees: $3,575.25 payable to Canaccord Genuity Corp., with 63,560 warrants exercisable at 12 cents per share for two years; $13,037.72 payable to Haywood Securities Inc., with 231,782 warrants exercisable at 12 cents per share for two years; $15,419.25 payable to Research Capital Corp., with 274,120 warrants exercisable at 12 cents per share for two years
The company issued a news release on Nov. 7, 2022, announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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.