24/01/08 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2024-0070
1844 RESOURCES INC. ("EFF")
BULLETIN TYPE: Non-Brokered Private Placement
BULLETIN DATE: January 8, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on September 23, 2023 and November 10, 2023:
Number of Shares: 3,587,500 flow-through common shares
Purchase Price: $0.03 per flow-through common share
Warrants: 1,793,750 share purchase warrants to purchase 1,793,750 shares
Warrants Exercise Price: $0.05 per share during a period of 36 months from the date of closing
Number of Placees: 11 Placees
Insider / ProGroup Participation:
Placees # of Placee (s) # of shares
Aggregate Pro Group Involvement: 1 337,500
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finders' Fee: $4,860 Nil Share 162,000
Compensation Warrants Terms: Each compensation warrant entitles the holder to purchase one common share at an exercise price of $0.05 during a period of 36 months from the date of closing.
The Company issued news release on December 29, 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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