Each transaction with an insider of the Company constitutes a “related party transaction” within the meaning of MI 61-101 Protection of Minority Security Holders in Special Transactions. Each broker warrant is exercisable into one Unit of the Company at a price of $0.40 per Unit for a period of 36 months from the issuance date.Īll directors of the Company participated in the Offering for an aggregate total of 457,500 Units and proceeds of $183,000. In connection with the Brokered Offering, the Company paid a cash commission of $137,700 and issued a total of 344,250 broker warrants. Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.60 for 36 months following the closing date, subject to acceleration of the expiry date to no less than 30 calendar days upon notice provided by the Company, which notice may be provided following the Company’s shares trading at no less than C$0.90 per share for 5 consecutive trading days on the TSX Venture Exchange. acted as agents for the issuance of 5,737,500 of the Units (the “Brokered Offering”).Įach Unit is comprised of one common share in the capital of the Company (“Common Share”) and one half of one Common Share purchase warrant (each whole warrant a “Warrant”). Clarus Securities Inc., PowerOne Capital Markets Limited, and Red Cloud Securities Inc. (TSXV:EU) (“enCore Energy Corp.” or the “Company”) announces that it has completed a private placement of 12,000,000 units of the Company (the “Units”) at a price of $0.40 per Unit for gross proceeds of $4,800,000 (the “Offering”).
22, 2020 (GLOBE NEWSWIRE) - enCore Energy Corp. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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