PERSONAS SOCIAL INCORPORATED ("PRSN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 21, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on May 19, 2023 and May 31, 2023:
Number of Shares: 19,166,666 units
Purchase Price: $0.06 per unit
Warrants: 9,583,338 share purchase warrants to purchase 9,583,338 shares
Warrant Exercise Price: $0.08 for a two year period
Forced Exercised Provision: The Warrants will expire 30 days after the date on which the Company gives notice to the holders of the Warrants to exercise, after a period of 10 consecutive trading days volume weighted average prices (VWAP) of the Common Shares have traded at a closing price of equal to or greater than $0.15 per Common Share on the Exchange.
Number of Placees: 16 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Units
Aggregate Existing Insider Involvement: 1 2,500,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: N/A N/A N/A
Finder's Warrants Terms: N/A
The Company issued a news release on June 20, 2023 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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