The net proceeds of the Offering will not be used for payment of any investor relations activities and will also not be used for payments to any related parties, other than for reimbursement of out-of-pocket expenses incurred on behalf of the Company.
The Company intends to pay eligible finders an 8% cash commission and issue warrants to purchase shares at an exercise price of
The Company is seeking approval of the TSXV for temporary relief from the minimum pricing restrictions to issue shares at
We seek Safe Harbor.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the
This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur, including, without limitation, estimated revenues. Forward-looking statements in this press release include statements about the anticipated filing deadline for the Annual Filings. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, without limitation, the failure to file the Annual Filings by the anticipated date. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by law.
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