Western Magnesium 3,643,792-share private placement
2020-01-22 19:28 ET – Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 17, 2020.
Number of shares: 3,643,792 shares
Purchase price: 15 cents per share
Warrants: 3,643,791 share purchase warrants to purchase 3,643,791 shares
Warrant initial exercise price: 21 cents
Warrant term to expiry: one year (The company may require a holder to exercise the warrants if the closing trading price of the company’s shares exceeds 30 cents per share for at least 10 consecutive trading days at any time prior to the date of the call notice.)
Number of placees: 24 placees
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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