BULLETIN V2024-0426
DISTRICT METALS CORP. ("DMX") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: February 8, 2024 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on January 16, 2024:
Number of Shares: 20,500,000 shares
Purchase Price: $0.22 per share
Warrants: 10,250,000 share purchase warrants to purchase 10,250,000 shares
Warrant Exercise Price: $0.30 for a three-year period
Number of Placees: 29 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 5 3,320,000 Aggregate Pro Group Involvement: N/A N/A
Agent's Fee: PI Financial Corp. - $210,969 and 944,475 Broker Warrants Haywood Securities Inc. - $59,631 and 285,525 Broker Warrants
Brokers' Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.22 for period of 3 years from the date of issuance.
DMX issued a news release on February 1, 2024, confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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