FREEPORT RESOURCES INC. ("FRI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 5, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 9, February 28, March 31, April 14, 2023:
Number of Shares: 59,285,447 shares
Purchase Price: $0.05 per share
Warrants: 29,642,724 share purchase warrants to purchase 29,642,724 shares
Warrant Exercise Price: $0.10 for an eighteen-month period
Number of Placees: 42 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 500,000??
Aggregate Pro Group Involvement: 6 6,223,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $61,132.00 N/A 179,700 warrants
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.25 for a period of two years from the date of issuance.
The Company issued a news release on April 27, 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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