Grid Battery 60-million-share private placement at 0.05¢ 2023-06-27 17:57 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Number of shares: 60 million shares
Purchase price: five cents per share
Warrants: 60 million share purchase warrants to purchase 60 million shares
Warrant exercise price: 5.5 cents for a five-year period
Number of placees: 31 placees
Total existing insider involvement: one million (one insider)
Total pro group involvement: 900,000 (three pro groups)
Finder's fee: $191,950 cash, 1.71 million shares and 702,000 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 5.5 cents for a period of five years from the date of issuance.
The company issued a news release on June 22, 2023, confirming the closing of the private placement.