WESTERN EXPLORATION INC. ("WEX")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: July 10, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on May 09, 2023:
Number of Shares: 2,937,332 Variable Voting Shares
Purchase Price: CDN$1.55 per Variable Voting Share
Warrants: 1,468,666 variable voting share purchase warrants to purchase ?1,468,666 Variable Voting Shares???????????????????????????????????
Warrant Exercise Price: CDN$2.15 until June 14, 2026
Number of Placees: 36 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: N/A N/A
Aggregate Pro Group Involvement: N/A N/A
Broker's Fee: Echelon Wealth Partners Inc. - $78,640.23 in cash and 50,736 broker warrants
Canaccord Genuity Corp. - $78,640.23 in cash and 50,736 broker warrants
Velocity Trade Capital Ltd. - $39,320.23 in cash and 25,368 broker warrants
Kilcona Capital Ltd. - $34,865.24 in cash and 22,493 broker warrants
Broker Warrants Terms: Each non-transferable broker warrant entitles the holder to acquire unit at CDN$1.55 until June 14, 2026.
The Company issued a news release on June 14, 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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