On February 14, 2024, Baselode Energy Corp., closed the transaction. The company issued 2,222,222 units at an issue price of CAD 0.45 per unit for the gross proceeds of CAD 999,999.9 and 7,692,308 flow-through units at a price of CAD 0.65 per unit for the gross proceeds of CAD 5,000,000.2 for the total gross proceeds of CAD 6,000,000. As a part of the transaction, the company paid an aggregate cash commission of CAD 360,000, equal to 6.0% of the gross proceeds raised under the Offering. The Company also issued to the Underwriter 594,871 warrants of the company, equal to 6.0% of the number of Offered Securities sold pursuant to the Offering.
On March 26, 2024, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction will included participation from 66 placees.