BULLETIN V2024-1031
WESTERN EXPLORATION INC. ("WEX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 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 March 21, 2024:
Number of Shares: 9,348,086 variable voting shares
Purchase Price: $0.70 per variable voting share
Warrants: 9,348,086 variable voting share purchase warrants to purchase 9,348,086 variable voting shares
Warrant Exercise Price: $1.00 per variable voting share for a period of 36 months
Number of Placees: 84 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 3 1,107,143 variable voting shares
Aggregate Pro Group Involvement: 3 402,857 variable voting shares
Aggregate Cash Amount ($) Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee:
Financial Advisory Fee: $110,946.80
$40,000 N/A
N/A 158,495 finder's warrants
N/A
Finder's Warrants Terms: Each finder's warrant entitles the holder to purchase one variable voting share at the price of $1.00 for a period of 36 months.
The Company issued a news release on March 28, 2024 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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