BRS RESOURCES LTD. On January 5, 2023, BRS Resources Ltd. closed the transaction. The company issued 500,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 50,000 in its second and final tranche. The company has raised an aggregate of CAD 340,000 in the transaction.
The company issued additional units to each subscriber, an aggregate of 4,860,000 additional common shares and 4,860,000 additional share purchase warrants to rectify the effect of the consolidation being completed after the closing of the financings. Of these warrants, 4,410,000 are exercisable at a price of CAD 0.10 per Share until December 30, 2025 and 450,000 are exercisable at a price of CAD 0.10 per Share until January 5, 2026. The Company also issued an additional 155,700 Warrants (the ?Finder?s Warrants?) to one finder.
The Finder?s Warrants are exercisable at a price of CAD 0.10 per Share until December 30, 2025.
