Company Announces Amended Terms for Private Placement

Thursday, December 19, 2024 2:10 PM PST announces that it has amended the terms of the private placement previously announced on November 20, 2024. Under the amended terms, the Company will now issue up to 20 million units of the Company (each, a''). Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of C$0.15 at any time on or before the date which is 36 months from the closing date of the Offering.

The amended terms of the Offering no longer include a warrant expiry acceleration.In accordance with applicable securities laws, the securities issued under the Offering will be subject to a four-month and one day hold period from the date of issuance of the Units in Canada. Closing of the Offering is anticipated to occur on or about December 31, 2024, subject to the receipt of investor documentation, funds and TSXV approval. The Company may pay finders' fees in cash and broker warrants in compliance with the policies of the TSXV. The Company is no longer retaining any securities dealers or other placement agents in connection with this financing. It is possible that insiders of the Company may participate in the Offering relying on the exemption from the formal valuation and minority shareholder approval requirements of Canadian Multilateral Instrument 61-101 -') pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person could exceed 25% of the Company's market capitalization. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Mike Tyson Sued $1.59M for Reportedly Breaching Betting Company Promotion TermsAccording to the lawsuit, Tyson broke a deal to promote gambling company Rabona to fight social media influencer Jake Paul instead.
Sumber: Covers - 🏆 341. / 59 Baca lebih lajut »

Company Amends Flow-Through Private Placement TermsThe company announced an amendment to its non-brokered flow-through private placement, increasing the number of units to be issued and reducing the price per unit. The amended terms will allow the company to raise up to $350,000 for exploration advancements in its British Columbia properties.
Sumber: mining - 🏆 449. / 53 Baca lebih lajut »

Company Announces Offering to Advance Mineral ProjectsThe company plans to raise funds through a public offering to support the development of its existing mineral projects. The offering is expected to close on or about December 24, 2024.
Sumber: mining - 🏆 449. / 53 Baca lebih lajut »

Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuringWBD on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.
Sumber: nbcchicago - 🏆 545. / 51 Baca lebih lajut »

Company Announces Financing for Tetepisca Graphite PropertyThe company announced a private placement offering of flow-through units to finance Canadian exploration expenses related to its Tetepisca Graphite Property in Quebec.
Sumber: mining - 🏆 449. / 53 Baca lebih lajut »

Company Announces Closing of Non-Brokered Flow-Through Private PlacementThe company has closed its non-brokered flow-through private placement, issuing FT units consisting of common shares and warrants. Proceeds will be used for general corporate purposes. One insider participated in the placement, which was exempt from certain MI 61-101 requirements.
Sumber: mining - 🏆 449. / 53 Baca lebih lajut »