Announces Closing of Brokered Private Placement
Summary
Each Warrant entitles the holder to purchase one Common Share at an exercise price of C$0.30 for a period of 24 months from the closing date of the Offering. In connection with the Private Placement, the Company paid the Agents an aggregate cash commission equal to seven percent (7.0%) of the gross proceeds of the Offering. Each Broker Warrant entitles the holder thereof to purchase one Common Share at a price of $0.18 for a period of 24 months from the closing date of the Offering. The net proceeds of the Offering will be used for expansion, business development activities and general working capital and corporate purposes. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable law.
Classifications
AskAI Classifications
LabelsLinked Companies
