Tru Precious private placement
2023-01-03 20:40 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Dec. 22, 2022.
Flow-through units
Number of shares: 7.7 million flow-through common shares
Purchase price: 6.5 cents per flow-through common share
Warrants: 3.85 million share purchase warrants to purchase 3.85 million shares
Warrant exercise price: 10 cents for a two-year period
Non-flow-through units
Number of shares: 2,118,182 non-flow-through common shares
Purchase price: 5.5 cents per non-flow-through common share
Warrants: 2,118,182 share purchase warrants to purchase 2,118,182 shares
Warrant exercise price: eight cents for a three-year period
Number of placees: 10 placees
Total existing insider involvement: 818,182 (seven insiders)
Finder's fee: $38,885 cash and 609,000 warrants
Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 10 cents for two-year period.
The company issued a news release on Dec. 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.