Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of
Concurrently with the announcement of the Amended Offering, the Company is terminating its previously announced non-brokered private placement pursuant to the Listed Issuer Financing Exemption (the 'LIFE') of National Instrument 45-106 - Prospectus Exemptions (the 'LIFE Offering'). In connection with the termination of the LIFE Offering, the Company is withdrawing the offering document that it filed on
The Issuer intends to use the proceeds from the Offering to make its final
The Amened Offering is anticipated to close in a series of tranches, with the first tranche on or about
The Units and the securities underlying the Units issuable pursuant to the Amended Offering will be subject to a statutory hold period of four months and one day from the date of issuance of the Units in accordance with applicable Canadian securities laws.
The Company may pay a finder's fee in respect of those purchasers under the Amended Offering introduced to the Company by certain persons (each a 'Finder'). Each Finder will receive a cash payment equal to 6% of the gross proceeds received by the Company from purchasers under the Amended Offering who were introduced to the Company by such Finder.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the '
ABOUT THE COMPANY
Forward Looking Information
This news release may contain forward-looking statements, including statements with respect to the terms of the Amended Offering, the receipt of regulatory approvals for the Amended Offering and closing of the Amended Offering. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of the Company to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in the Company's financial statements, management discussion and analysis and/or annual information form available on www.sedarplus.com. The risk factors identified in such documents are not intended to represent a complete list of factors that could affect the Company. Actual results may differ materially from those currently anticipated in such statements and the Company undertakes no obligation to update such statements, except as required by law.
Contact:
Tel: 604-687-8566
(C) 2024 Electronic News Publishing, source