TRANSITION METALS CORP. ("XTM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 27, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on May 09, 2023:
Number of Shares: 1,897,000 non-flow-through common shares
4,250,000 flow-through common shares
3,623,750 charity flow-through common shares
Purchase Price: $0.08 per non-flow-through common share
CDN$0.10 per flow-through common share
CDN$0.1168 per charity flow-through common share
Warrants: 4,885,375 share purchase warrants to purchase 4,885,375 common shares
Warrant Exercise Price: $0.15 for period of two (2) years
Number of Placees: 33 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 2 284,500
Aggregate Pro Group Involvement: 3 1,250,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $28,800 N/A 324,750
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.15 for period of 24 months from the date of issuance.
The Company issued a news release on June 19, 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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