NORD PRECIOUS METALS MINING INC. ("NTH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 31, 2024
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on April 14, 2023:
Quebec Flow-through Shares
Number of Shares: 9,598,125 Quebec flow-through shares
Purchase Price: $0.08 per Quebec flow-through share
Warrants: 9,598,125 share purchase warrants to purchase 9,598,125 shares
Warrant Exercise Price: $0.10 for a three-year period
Non-Flow-through Shares
Number of Shares: 16,281,000 non-flow-through shares
Purchase Price: $0.05 per non-flow-through share
Warrants: 16,281,000 share purchase warrants to purchase 16,281,000 shares
Warrant Exercise Price: $0.075 for a two-year period
Number of Placees: 32 placees
Insider / Pro Group Participation: N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $66,649.50 281,156 Shares 896,119 Warrants
Finder's Warrants Terms: 362,500 of the finder's warrants entitle the holder to purchase one common share at the price of $0.08 for a period of three years from the date of issuance. 393,619 of the finder's warrants entitle the holder to purchase one common share at the price of $0.10 for a period of three years from the date of issuance. 140,000 of the finder's warrants entitle the holder to purchase one common share at the price of $0.075 for a period of two years from the date of issuance.
The Company issued news releases on April 14, 2023, and May 11, 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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