Post by
Ivan00139 on Jun 10, 2021 7:54pm
The Company is also pleased to report
The Company is also pleased to report that it has closed an additional tranche of its previously announced non-brokered private placement on March 18, 2021, for additional gross proceeds of $300,000 (the "Additional Financing"). Under the Additional Financing, the Company issued 3,000,000 Common Shares at a price of $0.10 per Common Share. The Additional Financing closed on May 27, 2021. First Republic Capital Corporation acted as the lead finder for the Additional Financing. The Company paid a cash commission to eligible finders equal to 6% of the gross proceeds raised, and paid a corporate finance fee equal to an additional 4% of gross proceeds.