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Vancouver, British Columbia, December 14, 2021 (Global News Agency) – P2 Gold Company (“P2” or “Company”) (Toronto Stock Exchange:PGLD) The report stated that it intends to increase the size of its previously announced non-brokered private placement shares (“FT Offering”) from 3 million outstanding shares to 4 million outstanding shares.
The FT offering will now include up to 4 million circulating units (“FT Units”) in the company’s capital, at a price of US$0.77 per FT unit, and total proceeds of approximately US$3 million.
Each FT unit will consist of one tradable common stock (“FT Share”) and one non-tradable common stock purchase warrant (“FT Warrant”) in the company’s capital. As far as the Income Tax Act (Canada) is concerned, FT shares will meet the conditions of “tradable shares”. Each FT warrant will give the holder the right to purchase an additional non-tradable common share at an exercise price of US$0.90 per common share within two years from the date of issuance (“FT expiry time”)”) , Provided that, four months after the date of issuance, the closing price of the company’s common stock on the Toronto Stock Exchange’s Growth Enterprise Market (the “Exchange”) for 10 consecutive years is equal to or greater than $1.75 before the expiry of the FT. On the trading day, the company will have the right to issue notices to FT warrant holders through press releases or other notification forms permitted by the certificate to expedite the expiry time of the FT warrants. On behalf of the FT warrants, the FT warrants will Expires at 4:30 pm (Vancouver time), the date is not less than…
The full story can be found on Benzinga.com
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