Effective April 25, 2024, the prospectus supplement dated April 17, 2024, to the short form base shelf prospectus dated March 27, 2024, has been filed with and accepted by the TSX Venture Exchange. The short form base shelf prospectus was filed with the British Columbia Securities Commission and the authorities of all provinces of Canada.
The TSX Venture Exchange has been advised that closing occurred on April 25, 2024, for gross proceeds of $10.35-million.
Agents: Red Cloud Securities Inc. and Research Capital Corp.
Offering: 9,241,071 units (Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant.)
Unit price: $1.12 per unit
Warrant exercise price/term: $1.68 per share until April 25, 2026
Overallotment option: The agents were granted an overallotment option exercisable on closing to purchase up to an additional 1,205,357 units at a price of $1.12 per overallotment share, which was exercised at the closing and included above.
For further information, please reference the company's short form base shelf prospectus dated March 27, 2024, and the news release dated April 25, 2024.
