RE:New CRE drops on Sedar today, July 20/2023QUARTERLY HIGHLIGHTS
In March 2023, the Company received $216,118 following the exercise of 123,496 brokers and intermediaries options at a price of $1.75 each. Following the exercise of these 123,496 brokers and intermediaries options, the Company issued 123,496 common shares of the Company as well as 61,748 warrants at a price of $2.50 each expiring on December 3, 2023.
In May 2023, the Company announced that it had drilled 13 holes on the Rose project for a total of 2,382 metres of drilling. The Company has completed 31 exploration holes for a total of 5,554 metres of drilling to test the Lemare showing's test the eastern and western extensions of the Lemare showing, as well as its extension at depth.
In May 2023, the Company made the second payment as part of the rehabilitation and restoration plan for the Rose project.
SUBSEQUENT EVENTS
In June 2023, the Company granted 40,615 restricted share units to an employee of the Company at a fair value of $1.95 per unit. These restricted share units will vest over a threeyear period.
In June and July 2023, the Company granted 148,134 performance share units to employees of the Company at fair values ranging from $1.68 to $1.88 per unit. These PSUs will be valid until the end of the construction period or after 36 months, whichever is shorter.
On July 17, 2023, Power Nickel Inc. sent a notice to the Company confirming the exercise of the first option, earning an initial 50% interest in the Nisk property. Power Nickel Inc. also sent a notice indicating its intention to exercise the second option, thereby increasing its undivided interest in the Nisk property from 50% to 80% (see Note 13 for details)