Post by
petrofac on Apr 19, 2024 5:11pm
accept
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 20, 2024, and increased on April 4, 2024. Number of shares: 2,692,269 shares Purchase price: 40 cents per share Warrants: 2,692,269 share purchase warrants to purchase 2,692,269 shares Warrant exercise price: 60 cents for a one-year period Number of placees: 19 placees Total existing insider involvement: 750,000 (one insider) Total pro group involvement: 800,000 (five pro groups) Finder's fee: $37,380 cash and 93,450 warrants Finder's warrant terms: Each warrant entitles the holder to purchase one common share at the price of 60 cents for period of one year from the date of issuance. The company issued news releases on April 10, 2024, and April 17, 2024, 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.