Clean Air Metals private placement

Mar 1, 2022

2022-02-28 16:18 ET – Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Jan. 31, 2021.

Number of shares: 32.25 million non-flow-through common shares; 10,869,600 flow-through common shares; 12,280,800 premium flow-through common shares

Purchase price: 20 cents per non-flow-through common share; 23 cents per flow-through common share; 28.5 cents per premium flow-through common share

Warrants: 55,400,400 share purchase warrants to purchase 55,400,400 shares

Warrant exercise price: 25 cents for a two-year period

Number of placees: 50 placees

Insider: Dean Chambers, 100,000

Finder(s) commission: Aggregate of $738,242.16 in cash and 2,733,520 non-transferable broker warrants payable to Paradigm Capital Inc.; Beacon Securities Inc.; Echelon Wealth Partners Inc.; and Hannam & Partners. Each broker warrant entitles the holder to acquire one common share at 20 cents for a two-year period.

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company has issued a new release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).

https://www.cleanairmetals.ca/