MAGNA MINING INC. ("NICU")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: February 8, 2023
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on January 10, 2023:
Number of Shares: 8,236,914 flow-through common shares
2,727,272 non-flow-through common shares
Purchase Price: $1.815 per flow-through common share
$1.10 per non-flow-through common share
Number of Placees: 39 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 1,363,600
Aggregate Pro Group Involvement: 5 352,214
Broker's Fee: Canaccord Genuity Corp - $406,799.95 in cash and 241,323 broker warrants
Research Capital Corporation - $254,249.97 in cash and 150,826 broker warrants
Paradigm Capital Inc. - $254,249.97 in cash and 150,826 broker warrants
Desjardins Securities Inc. - $50,849.99 in cash and 30,165 broker warrants
BMO Nesbitt Burns Inc. - $50,849.99 in cash and 30,165 broker warrants
Broker Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $1.10 until January 25, 2025.
The Company issued a news release on January 25, 2023, confirming closing of the private placement.
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