TRANSFORMA RESOURCES CORPORATION ("TFM")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: May 19, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 28, 2022:
Number of Shares: 5,833,333 common share units ("Units"), each Unit consisting of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant").
Purchase Price: $0.03 per Unit.
Warrants: 5,833,333 Warrants to purchase 5,833,333 Shares.
Warrant Price: $0.05 exercisable for a period of three years from the date of issuance.
Forced Exercised Provision: In the event that the Shares of the Company trade at a closing price greater than $0.20 per Share for a period of 10 consecutive trading days on the Exchange, then the Issuer may issue a press release to give notice to the Warrant holders that the Warrants will expire 30 days thereafter.
Number of Placees: 3 placees.
Finder's Fee: None.
Insider / Pro Group Participation:
Insider= Y /
Name Pro Group= P Number of Units
Aggregate Existing Insider Involvement:
[3 Existing Insiders] Y 5,833,333
The Company issued a news release on May 4, 2023, confirming the 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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