On December 29, 2023, Newpath Resources Inc. closed the transaction. The company issued 1,045,000 flow-through shares at a price of CAD 0.115 per FT Share for total gross proceeds of CAD 120,175. The transaction included participation from Alexander McAulay subscribed for a total of 175,000 FT Shares under the Offering. All FT Shares issued pursuant to the Offering are subject to a four-month hold expiring April 30, 2024, under applicable securities laws in Canada.
The the Acquiror acquired 66,000 Common Shares at a price of CAD 0.085 per Share and 100,000 Shares for a price of CAD 0.08 per Share for aggregate consideration of CAD 13,610. The Acquiror acquired 166,000 Common Shares of the Issuer. Immediately prior to the acquisition the Acquiror owned and controlled 249,000 Shares personally and 1,601,429 Common Shares indirectly through Treewalk Consulting Inc., a Company controlled by the Acquiror, for a total of 1,850,429 Common Shares of the Issuer representing approximately 9.31% of the Issuer?s total issued and outstanding. he Acquiror owns and/or has control over
415,000 Common Shares personally and 1,601,429 Shares through Treewalk Consulting Inc., for a total of 2,016,429 Common Shares of the Issuer representing approximately 10.15% of the Issuer?s total issued and outstanding Common Shares. This represents a change of 0.84% in the Acquiror?s holdings of Common Shares of the Issuer.