RE: Analyst Comment28 Mar 2025 12:37
Flagstaff
Red Cloud Securities Inc. (the "Agent") acted as sole agent and bookrunner in connection with the Offering. In consideration for their services, the Agent received a cash commission of C$313,860 and 1,846,235 broker warrants (the "Broker Warrants"). Each Broker Warrant shall be exercisable for one common share of the Company at a price of C$0.17 per common share at any time on or before March 27, 2027. Additionally, as consideration for financial advisory services in connection with the Offering, the Company paid the Agent an advisory fee of $8,070.00 and issued 47,470 advisory warrants (the "Advisory Warrants") to the Agent. Each Advisory Warrant is exercisable into one common share on the same terms as the Broker Warrants. The common shares issuable pursuant to the Broker Warrants and the Advisory Warrants are subject to a hold period in Canada ending on July 28, 2025.
Flagstaff, for clarity am I correct that the $6m includes the broker cashed warrants . And that the $ 6 m is before broker fees ?