T2 METALS CORP. ("TWO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 26, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 15, 2022:
Flow-through Units
Number of Shares: 1,820,678 flow-through-shares
Purchase Price: $0.36 per share
Warrants: 1,820,678 share purchase warrants to purchase 1,820,678 shares
Warrant Exercise Price: $0.45 for a three-year period, subject to an acceleration clause
Non-flow-through Units
Number of Shares: 1,269,800 non-flow-through-shares
Purchase Price: $0.29 per share
Warrants: 634,900 share purchase warrants to purchase 634,900 shares
Warrant Exercise Price: $0.45 for a three-year period, subject to an acceleration clause
Number of Placees: 14 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 2 277,800 flow-through shares and 200,000 non-flow-through shares
Aggregate Pro Group Involvement: 1 27,778 flow-through shares
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $33,002.00 N/A 91,672
Each finder's warrant is non-transferable, and each warrant entitles the holder to purchase one common share at $0.29 per share for a period of three years from the date of issuance, subject to an acceleration clause.
The Company issued news releases on December 28, 2022 and January 25, 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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