Financing type: brokered private placement
Gross proceeds: $6,483,000
Offering: 16,207,500 listed shares with 8,103,750 warrants
Offering price: 40 cents per listed share
Warrant exercise terms: 55 cents per listed share for a two-year period
Commissions in securities: total, 138,425 finders' warrants;
Research Capital Corp. (lead), 438,600 finder's warrants;
Eventus Capital Corp., 438,600 finder's warrants;
Eight Capital, 125,313 finder's warrants;
Canaccord Genuity Corp., 17,850 finder's warrants;
Leede Jones Gable Inc., 23,450 finder's warrants
Commission terms: Each non-transferable warrant is exercisable at 40 cents for a two-year period.
Disclosure: Refer to the company's news releases dated Oct. 21, 2024, Oct. 23, 2024, Nov. 1, 2024, Nov. 7, 2024, and Dec. 4, 2024.
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