EGR EXPLORATION LTD. ("EGR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 16, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on April 4, 2023:
Number of Shares: 1,428,572 Flow-Through (FT) shares
6,818,182 Non-Flow-Through (NFT) shares
Purchase Price: $0.14 per FT share
$0.11 per NFT share
Warrants: 4,123,376 share purchase warrants to purchase 4,123,376 NFT shares
Warrant Exercise Price: $0.22 for a three-year period
Number of Placees: 30 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 4 883,001 NFT shares and
141,572 FT shares
Aggregate Pro Group Involvement: 2 365,000 NFT shares
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $14,649 N/A 129,900
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.11 for period of 1 year from the date of issuance.
The Company issued a news release on May 15, 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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