Company Announces Amended Terms for Private Placement

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FINANCE ニュース

FINANCE,PRIVATEPLACEMENT,SECURITIES

A company has announced the amendment of private placement terms, including the issuance of up to 20 million units and the elimination of warrant expiry acceleration. The offering is expected to close on December 31, 2024, subject to regulatory approvals and other conditions.

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

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